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 US dollar fell a bit against the Japanese yen during the day on Thursday, as traders are starting to take profits on a massive move higher. The Australian dollar initially dipped during the day on Thursday but then rebounded a bit.
The S&P 500 initially rallied on Thursday but turned back to the very sign as we slammed into the 2190 handle. The NASDAQ 100 has been a bit of a laggard for some time now, but quite frankly this was a very strange move.
The WTI Crude Oil market broke above the $50 level during the session on Thursday, as we continue to see a lot of bullish pressure due to the OPEC production cut. Natural gas markets rose during the day, reaching towards the $3.50 level.
Get the NZD/USD Forex Signal for December 1, 2016 here.
Get the AUD/USD Forex Signal for December 1, 2016 here.
Get the USD/JPY Forex Signal for December 1, 2016 here.
Get the USD/CAD Forex Signal for December 1, 2016 here.
Get the USD/CHF Forex Signal for December 1, 2016 here.
Get the GBP/USD Forex Signal for December 1, 2016 here.
Get the EUR/USD Forex Signal for December 1, 2016 here.
The S&P 500 tried to rally during the session on Wednesday but found the area above the most recent highs has been far too resistive. The NASDAQ 100 fell pretty significantly during the day as it looks like we are trying to reach down to the 4800 level.
The WTI Crude Oil market broke higher during the day on Wednesday as it was revealed that OPEC had come to an agreement as far as output production is concerned. The natural gas markets fell slightly during the day on Wednesday, but found enough support below at the $3.25 level to bounce and form a hammer.
The USD/JPY pair broke higher during the day on Wednesday, as the 112.50 level was broken yet again. The Australian dollar broke down during the day, slicing through the 0.75 level, the bottom of the hammer from the session on Tuesday.
The EUR/USD pair has been very negative for quite some time, and during the day on Wednesday only continued to be more of the same. The British pound initially fell during the day on Wednesday, but turned around at the 1.24 level to bounce and form a bit of a hammer.
Gold prices settled at $1173.17 an ounce on Wednesday, suffering a loss of 8.14% over the month.
