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 USD/CHF Forex signal for May 16, 2016 here.
Get the GBP/USD Forex signal for May 16, 2016 here.
Get our daily Forex signal for the EUR/USD pair for Monday, May 16, 2016 here.
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Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of May 16, 2016 here.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 16, 2016.
Check out the Forex forecast for major currency pairs for the week of May 16, 2016 here.
This week can be expected to be more important than the previous week, with Central Bank input due concerning the U.S. Dollar on Wednesday as well as the Australian Dollar on Tuesday. Get all the economic calendar events for the week of May 16, 2016 here.
The USD/JPY pair rose slightly during the course of the day on Thursday as we continue to try to grind our way towards the 110 handle. The AUD/USD pair initially tried to rally during the day on Thursday but turned right back around to form a shooting star.
The WTI Crude Oil market initially rallied during the course of the session on Thursday but struggled above the $47 handle. Natural gas markets fell slightly during the course of the day on Thursday as we continue to meander just below the $2.20 handle.
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The S&P 500 went back and forth during the course of the session on Thursday, testing the 2060 level for support. The NASDAQ 100 went back and forth as well, as it appears we are essentially circling around the 4350 handle.
The GBP/SGD pair rose initially during the course of the day, breaking above the 1.90 level on Thursday.
The EUR/USD pair fell during the day on Thursday, as we continue to bounce around the 1.14 level. The GBP/USD pair initially rallied during the day on Thursday but found enough resistance of the 1.45 level to turn things around and form a shooting star.
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The S&P 500 fell during the course of the day on Wednesday, as the 2080 level offered far too much in the way of resistance to go forward. The NASDAQ 100 fell as well, as the 4400 level has offered far too much in the way of resistance.
The USD/JPY pair fell during the course of the day on Wednesday, breaking the bottom of the shooting star that formed on Tuesday. The AUD/USD pair broke higher and above the top of the shooting star from Tuesday during the Wednesday session, and it looks like we could try to grind our way higher, perhaps reaching as high as the 0.75 level.