Get the EUR/USD Forex signal for May 18, 2016 here.
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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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Get the NZD/USD Forex signal for May 17, 2016 here.
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Check out the AUD/USD Forex signal for May 17, 2016 here.
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Get the USD/JPY Forex signal for May 17, 2016 here.
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Silver markets had a very volatile session on Monday, as we had initially rallied right off the bat. However, we found quite a bit of resistance near the $17.50 level, causing the market to turn things around and form a shooting star.
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The EUR/USD pair initially tried to rally during the day on Monday, but as you can see on the chart failed miserably to hang onto the gains. The British pound rose during the day on Monday as the market found plenty of support near the 1.43 handle.
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The WTI Crude Oil market rose during the course of the day on Monday, as we continue to see quite a bit of bullishness in this market. Natural gas markets fell during the day on Monday, dropping down to just above the $2 level.
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The S&P 500 had a fairly strong session during the day on Monday, taking back all of the losses from the Friday session. The NASDAQ 100 did very much the same during the day on Monday, testing the 4400 level.
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The USD/JPY pair initially trying to rally during the course of the day on Monday, but could not continue the momentum to the upside in order to break out. The AUD/USD pair initially trying to go higher during the day on Monday, but ran into a significant amount of resistance at the 0.73 level.
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Get our daily Forex signal for the USD/CAD pair for May 17, 2016 here.
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Get the USD/CHF Forex signal for May 17, 2016 here.
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Get the GBP/USD Forex signal for May 17, 2016 here.
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Get the EUR/USD Forex signal for May 17, 2016 here.
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Gold prices rose on Monday but the precious metal's gains were limited by signs of stabilization in the risk environment and a firmer dollar.
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The EUR/USD pair fell during the session on Friday again, as we continue to see the area near the 1.15 level offered quite a bit of resistance. The British pound fell a bit during the course of the session on Friday, as we finally broke down below the 1.44 handle.
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