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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Gold markets had a very volatile session on Thursday, as we finally broke above the $1300 level. This was a major barrier as far as I can see, and I assumed that it would signal the next leg higher.
The S&P 500 initially fell rather significantly during the course of the session on Thursday, but bounced significantly from the 2040 level. The NASDAQ 100 fell as well, but has a significant amount of support extending all the way down to the 4300 level.
The EUR/USD pair initially fell during the course of the day but ended up bouncing significantly on Thursday as we continue to see quite a bit of volatility in the Forex markets.
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The USD/JPY pair fell during the day on Thursday, breaking below the 105 level. The AUD/USD pair initially fell during the day but turn right back around and formed a massive hammer.
The WTI Crude Oil market fell significantly during the course of the day on Thursday, breaking below the 50 day exponential moving average, a significant moving average as far as longer-term traders are concerned.
Gold prices ended Thursday's session down 1.04%, or $13.46, to settle at $1278.43 an ounce as investors took profits from a recent rally that pushed the market to the highest level in nearly two years.
The USD/JPY pair initially tried to rally during the course of the day on Wednesday, but turned right back around. The Australian dollar broke above the 0.74 level during the day and as a result we broke the top of a couple of shooting stars.
The EUR/USD pair initially trying to fall during the day on Wednesday but turned right back around to take back all of the losses from Tuesday.
The WTI Crude Oil market initially tried to rally during the course of the day on Wednesday but turn right back around to form a shooting star.
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The S&P 500 broke higher during the course of the session on Wednesday, as it appears of the Federal Reserve is stepping away from any idea of raising interest rates in the near term.
Get the NZD/USD Forex signal for June 16, 2016 here.
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