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 S&P 500 went back and forth on Monday, as the market did almost nothing. The NASDAQ 100 initially tried to rally on Monday, but turned back around to form a shooting star.
Get the NZD/USD Forex signal for December 19, 2016 here.
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Get the USD/JPY Forex signal for December 19, 2016 here.
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Get the GBP/USD Forex signal for December 19, 2016 here.
Get the EUR/USD Forex signal for December 19, 2016 here.
The EUR/USD pair rose initially on Friday, but the 1.05 level above continues to offer resistance. The British pound bounced off of a trend line on Friday, testing the 1.25 level.
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The WTI Crude Oil market initially fell on Friday, but just as we had seen on Thursday, buyers came in just above the $50 level to push the market higher. Natural gas markets fell slightly during the session on Friday but found enough support near the $3.30 level to turn things around and form a hammer.
The S&P 500 did very little on Friday as we continue to bang around just above the 2250 handle. The NASDAQ 100 fell during Friday, testing the 4900 level.
The USD/JPY pair fell slightly on Friday, but quite frankly there is enough bullish pressure underneath that I believe it’s only a matter of time before the buyers get involved. The New Zealand dollar broke down during the day on Friday, finally slicing through the 0.70 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold ended the week down by 2% at $1133.70 an ounce, recoding a sixth consecutive weekly loss, as the U.S. dollar's strength against other currencies weighed on the market.
Get DailyForex.com's weekly forecast featuring some of the major currency pairs for the trading week of December 19, 2016 here.
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 December 19, 2016.