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 broke higher during the course of the day on Friday finally clearing above the 118.50 handle. In a completely opposite frame of mind, the AUD/USD pair tried to rally during the course of the day on Friday, but failed and ended up turning back around to form a perfect shooting star.
The WTI grade of crude oil had an extraordinarily bullish day on Friday, as petroleum markets around the world bounced. The natural gas markets had a very calm day during the session in contrast to the WTI market, as we essentially went nowhere.
The S&P 500 rallied during the course of the day on Friday, breaking well above the 1900 level. The NASDAQ 100 had an extraordinarily strong day on Friday, breaking through the 4200 resistance barrier, and reaching 4250.
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Gold settled down $3.22 at $1097.70 on Friday as a recovery in risk appetite dented interest in the metal as an alternative asset.
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The WTI Crude Oil market bounced off of the $28 level during the session on Thursday, in a rare sign of strength. The natural gas markets continued to bounce a little bit during the session here on Thursday, but it struggled at the $2.20 level and pulled back a bit.
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The S&P 500 had a slightly positive day on Thursday after initially dropping down to the 1840 level. The NASDAQ 100 seems to be hugging the 4150 level, and as a result it looks as if the market will probably return to that level if we stretch out too far
The EUR/USD pair initially fell during the day on Thursday, testing the 1.08 level for support. The GBP/USD pair initially fell again during the day on Thursday, but found enough support near the 1.4050 level to turn things back around and form a hammer.
The USD/JPY pair initially fell during the day on Thursday, but then bounced quite a bit towards the 117.80 level. The AUD/USD pair fell slightly during the day on Thursday in the beginning, and then turned around to show a very strong candle by the end of the day.
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Gold prices ended Thursday nearly unchanged, after a volatile day that saw prices swing between gains and losses.
Get the NZD/USD Forex Signal for January 21, 2016.