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 gapped higher against the Japanese yen at the open on Monday as the news hit the wires on Sunday that the FBI was not going to press charges against Hillary Clinton. The Australian dollar initially fell during the day on Monday, but then turned around to reach towards the 0.7750 handle.
Gold prices ended Monday’s session down 0.89%, or $11.57, to settle at $1281.31 an ounce as investors rushed back into U.S. stocks and the dollar strengthened after the FBI said it had found no new evidence against Hillary Clinton.
Get the NZD/USD Forex signal for November 7, 2016 here.
Get the AUD/USD Forex signal for November 7, 2016 here.
Get the USD/JPY Forex signal for November 7, 2016 here.
Get the USD/CAD Forex signal for November 7, 2016 here.
Get the USD/CHF Forex signal for November 7, 2016 here.
Get the GBP/USD Forex signal for November 7, 2016 here.
Get the EUR/USD Forex signal for November 7, 2016 here.
The WTI Crude Oil markets fell during the day on Friday, as we continue to see a serious lack of demand. Natural gas markets fell during the day on Friday, testing the $2.75 level.
The S&P 500 initially fell on Friday but turned around to form a slightly positive candle. The NASDAQ 100 fell initially on Friday but found enough support at the 4650 level again to turn things around and form a hammer.
The USD/JPY pair had a very choppy session during the day on Friday as the 102.50 level continues offer quite a bit of support. The AUD/USD pair initially fell on Friday, but then found quite a bit of support at the 0.7650 level.
The EUR/USD pair fell initially on Friday, but turned around to form a supportive candle. The British pound tried to rally during the day on Friday but found the area above the 1.25 level to be far too resistive to continue going higher.
Gold ended the week up $26.67 at $1304.13, as a weaker dollar, sagging risk appetite and intensifying worries over the outcome of Tuesday's presidential election helped lure buyers back into the market.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of November 7, 2016.
