The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
The WTI Crude Oil markets fell significantly during the course of the day on Friday, crashing well below the $50 level, and in fact even testing the $49 level. The natural gas markets fell a bit during the course of the day on Friday, but did get a little bit of support towards the end of the day.
The S&P 500 had a very bad day during the session on Friday as we broke down below the 2100 level. The NASDAQ 100 broke down as well, and as a result it looks as if it is going to try to find support below.
Get the USD/CAD Forex signal for June 13, 2016 here.
Get the GBP/USD Forex signal for June 13, 2016 here.
Get the EUR/USD Forex signal for June 13, 2016 here.
Be prepared for the trading week of June 13, 2016 ahead using our weekly Forex forecast featuring some of the major currency pairs here.
Gold prices settled at $1274.75 an ounce on Friday, making a gain of 2.26% on the week, as market participants continued to price out a June U.S. interest rate rise.
The EUR/USD pair fell during the course of the session on Thursday, crashing into the 1.13 handle. The GBP/USD pair fell during the day on Thursday, breaking well below the 1.45 level, which had been supportive previously and the level that we formed a shooting star sitting on top of.
The WTI Crude Oil markets fell during the course of the session on Thursday, testing the $50 level for support. Brent markets broke higher during the course of the day on Thursday, clearing the $2.50 level significantly.
The S&P 500 fell a bit too during the day on Thursday, but as you can see bounced off of the 2110 level in order to show significant support. The NASDAQ 100 fell slightly during the course of the session on Thursday, but bounced enough to form a bit of a hammer.
The USD/JPY pair initially fell during the course of the day on Thursday, but bounced enough to turn around and form a hammer. We fell during the Thursday session the AUD/USD pair, but the 0.74 level offered enough support to keep the market afloat.
The USD/CAD pair initially rallied during the course of the session on Thursday, but you can see that we turn right back around to form a bit of a shooting star.
Gold prices rose for the fourth time in five days as investors continued to increase bets that the Fed will refrain from raising borrowing costs in the months ahead.
Get the NZD/USD Forex signal for June 9, 2016 here.
Get the AUD/USD Forex signal for June 9, 2016 here.
