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 EUR/USD Forex Signal for December 6, 2016 here.
The WTI Crude Oil market rallied on Monday, testing the $52 region. Natural gas markets exploded yet again during the day on Monday, as we have reached above the $3.60 level.
The US dollar initially rallied against the Japanese yen, but gave back most of the gains late in the day. The Australian dollar initially fell during the day on Monday but then shot higher, reaching towards the 0.75 level.
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The EUR/USD pair broke higher during the session on Monday, but then turned back around to form a massive green candle. The British pound rallied during the day on Monday, as we continue to press higher.
The S&P 500 gapped lower at the open on Monday, but then found enough support at the 2180 handle to turn things around and form a massive green candle. The NASDAQ 100 gapped lower at the open as well, and found quite a bit of support at the 4700 level below to turn things around and slammed into the 4800 level.
Gold started the week on the back foot but managed to recover some of its earlier losses at the end of the day.
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The Euro initially fell on Friday but turned around to form a slightly positive looking hammer. The British pound broke out during the day on Friday, breaking the top of the shooting star from the Thursday session.
The WTI Crude Oil market initially fell on Friday but found enough support at the $50 level to turn around and form a hammer. The natural gas markets pulled back quite drastically during the day on Friday, but only long enough to find support at the $3.35 handle.