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 WTI Crude Oil market fell initially during the day on Tuesday, but found enough support at the $49 level to turn around and form a hammer. Natural gas markets continue to look very soft, as we reached towards the $3 handle on Tuesday.
The S&P 500 rallied during the day on Tuesday, as we continue to see buying in the market. If the S&P 500 is bullish, the NASDAQ 100 is explosive.
The USD/JPY pair rallied during the Tuesday session, reaching above the 111 level. The New Zealand dollar fell significantly during the session on Tuesday, and we are now testing the bottom of what could be thought of as asymmetrical triangle.
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The EUR/USD pair rallied on Tuesday as we broke above the 1.09 handle and reached even higher. The British pound continues to consolidate above the 1.2750 level, and more importantly, the 200-exponential moving average.
Gold prices ended Tuesday’s session down $12.68, pressured by continued risk appetite across markets.
Get the NZD/USD Forex Signal for April 25, 2017 here.
Get the AUD/USD Forex Signal for April 25, 2017 here.
Get the USD/JPY Forex Signal for April 25, 2017 here.
Get the USD/CAD Forex Signal for April 25, 2017 here.
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Get the USD/CHF Forex Signal for April 25, 2017 here.
Get the GBP/USD Forex Signal for April 25, 2017 here.
Get the EUR/USD Forex Signal for April 25, 2017 here.
The S&P 500 gapped higher at the open on Monday, as word got out that the French election went in more of a centrist attitude. The NASDAQ 100 also gapped higher but unlike the S&P 500 it has been a leader for some time.
The EUR/USD pair gapped higher at the open on Monday as French election results came in less anti-EU than once thought. The British pound had a slightly negative day but continues to find buying pressure just above the 1.2750 level.
The USD/JPY pair initially gapped higher at the open on Monday, as news came across the wire that the French elections look more centrist than feared. The Australian dollar had a very choppy session as we continue to hang about the 100-day exponential moving average.