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 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 the GBP/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.
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.
The USD/JPY pair initially tried to rally during the day on Friday, but turned right back around just below the 110 level. The AUD/USD pair fell during the course of the session on Friday, clearing the 0.73 level to the downside.
The WTI Crude Oil market initially tried to fall during the day on Thursday, but as you can see we turn right back around to form a little bit of a hammer. Natural gas markets initially tried to rally on Thursday but turned right back around as we continue to see quite a bit of bearishness every time this market tries to break out to the upside.
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The S&P 500 fell during the day on Friday, as we continue to see this market chop around and test the 2040 level for support. During the day on Friday we had a very volatile session in the NASDAQ 100 as it was a bit different than the S&P 500.
Gold prices settled at $1273.21 an ounce on Friday, suffering a loss of $11.80 on the week, as the U.S. dollar's strength against other currencies weighed on the market.
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