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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.
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The EUR/USD pair rallied during the course of the day on Monday, testing the 1.10 level above. The British pound initially fell during the course of the session on Monday, but turned around to form a supportive looking candle.
The USD/JPY pair initially tried to rally on Monday but then turn right back around to form a fairly negative candle. The Australian dollar fell initially during the course of the session on Monday but turned right back around form a positive candle.
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The S&P 500 went back and forth during the course of the session on Monday, as we bounced off of the 2120 handle below. The NASDAQ 100 went back and forth during the course of the session on Monday as well, as we continue to hang about the 4800 level
The WTI Crude Oil market went back and forth during the course of the session on Monday, showing a proclivity to bounce around the $50 level. The natural gas markets went back and forth during the course of the session on Monday after initially gapping lower, and as a result it looks as if the market is trying to find plenty of support below in order to continue the longer-term uptrend.
Gold prices ended Monday's session up 0.27%, or $3.34, to settle at $1255.20 an ounce as the dollar weakened after industrial production and Empire State PMI data fell short of market forecasts.
Find out what's in store for some of the major currency pairs with our Forex forecast for the week of October 17, 2016 here.
The USD/JPY pair had a slightly positive session on Friday as we continue to bang around the 104 level. The Australian dollar had a very strong showing on Friday, touching the 0.7650 level.
The EUR/USD pair fell rather hard on Friday, closing below the 1.10 level for the first time in several months. The British pound had a much more stable session on Friday, as we continue to grind slightly lower, and I believe at this point in time we are trying to form some type of base.