The S&P 500 rallied during the course of the session here on Monday, as we continue to go sideways overall. The NASDAQ 100 rally during the course of the session on Monday, as we continue to test around the 4800 level.
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 WTI Crude Oil market fell slightly during the course of the session on Monday, as we continue to see quite a bit of volatility. The natural gas markets gapped higher at the open on Monday, slamming into the $2.90 level.
Gold edged higher on Monday as the dollar pared its recent gains on doubts the Federal Reserve would hike rates at its next meeting.
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Get the NZD/USD Forex signal for August 29, 2016 here.
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Get the USD/CAD Forex signal for August 29, 2016 here.
Get the USD/CHF Forex signal for August 29, 2016 here.
Get the GBP/USD Forex signal for August 29, 2016 here.
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Get the EUR/USD Forex signal for August 29, 2016 here.
The Euro initially tried to rally during the day on Friday but turned right back around as the 1.1350 level above has offered quite a bit of resistance. The British pound initially rallied during the day on Friday but turned right back around in order to form a bit of a shooting star.
The WTI Crude Oil market initially tried to rally on Friday, but turned right back around to form a massive shooting star. This is a market that’s bit overextended for a few days, and the fact that we did up forming a neutral candle doesn’t overly surprise me.
The S&P 500 went back and forth during the day on Friday in a very volatile session. Obviously, the NASDAQ 100 did very much the same thing as we continue to bang up against the 4800 level.
The US dollar initially fell during the day on Friday but found enough support near the 100 level to turn things back around and form a massive green candle. The Australian dollar initially broke to the upside during the day on Friday, but turned right back around at the 0.7675 level, to show that area as being resistive still.
End the month of August 2016 with the weekly Forex forecast featuring some of the major currency pairs here.