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 GBP/USD Forex signal for April 25, 2016 here.
Get the EUR/USD Forex signal for April 25, 2016 here.
The EUR/USD pair broke down during the day on Friday, clearing the bottom of the shooting star from the Thursday session which of course is a very negative sign. The GBP/USD pair had a positive session on Friday, testing the highs yet again that we haven’t seen recently.
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The USD/JPY broke out during the course of the day on Friday, clearing the 110 level with significant strength. The AUD/USD pair initially tried to rally during the day on Friday, but then turned right back around to form a slightly negative candle.
The S&P 500 initially fell during the course of the session on Friday, testing the 2080 handle. The NASDAQ 100 initially fell during the course of the day but tested the 4440 level and found quite a bit of support, causing the market to turn back around and form a hammer.
The WTI Crude Oil market struggled at the $44 level, an area that previously was massive support. The natural gas markets initially fell during the day on Friday, but turned back around to form a massively bullish candle, breaking above the top of the shooting star from both Thursday and Wednesday.
Gold prices settled at $1232.34 an ounce on Friday, suffering a loss of $2.37 on the week, as a sharp drop in the Euro following hints of more monetary stimulus from the European Central Bank buoyed the dollar and added to pressure on gold.
Check out our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of April 25, 2016 here.
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The WTI Crude Oil markets tried to break out against the $44 level, but found far too much in the way of resistance above there. The natural gas markets initially tried to rally during the day on Thursday, but turned back around to form a shooting star.
The EUR/USD pair initially rallied during the day on Thursday, but turned back around to form a massive shooting star. The GBP/USD pair initially tried to rally during the course of the day, but turned right back around to form a shooting star on the Thursday trading session
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The S&P 500 initially tried to rally during the day on Thursday but struggled and turned back around to fall well below the 2100 level. The NASDAQ 100 also tried to rally but found the 4560 level be far too resistive, and then turned right back around to form a relatively negative candle.
Gold settled slightly higher at the end of a volatile session yesterday.