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 EUR/USD Forex signal for December 29, 2016 here.
The EUR/USD pair during the day on Wednesday rallied, but found enough resistance near the 1.05 level above to turn the market around. The British pound had a negative session again during the day on Wednesday, as we continue to see various pressure on the British pound mainly due to fears about leaving the European Union.
The WTI Crude Oil market had a volatile session during the session on Wednesday, as we await the Crude Oil Inventories announcement coming out today, which of course has quite a bit of influence on where this market goes next.
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The S&P 500 initially tried to rally on Wednesday, but found enough selling pressure above to turn the market around. The NASDAQ 100 initially rallied during the session on Wednesday, but found 5000 to be too resistive as well.
The USD/JPY pair rallied on Wednesday, but turned around for a slightly negative candle. The Australian dollar went back and forth on Wednesday but ultimately ended up forming a bit of a shooting star.
Get the AUD/USD Forex signal for December 28, 2016 here.
Get the NZD/USD Forex signal for December 28, 2016 here.
Get the USD/JPY Forex signal for December 28, 2016 here.
Get the USD/CAD Forex signal for December 28, 2016 here.
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Get the USD/CHF Forex signal for December 28, 2016 here.
Check out the daily Forex signal for the GBP/USD pair for December 28, 2016 here.
Get the EUR/USD Forex signal for December 28, 2016 here.
Towards the end of 2016, the GBP/JPY pair accelerated to the upside, bouncing off of the 125 handle. Find out what may be in store for this pair during the new year of 2017 here.
This pair is to be an interesting to watch during the coming year. The reason I say this is that we of course have a lot of bearish pressure on the British pound overall due to the “Brexit”, but quite frankly I think by the end of the gear it will become obvious to just about everyone that the United Kingdom made the smart choice by leaving.
This has been one of the most explosive markets in the Forex world over the last couple of months. November was an absolute monster of a month, as we essentially gained 14 handles. That’s an incredible move, and it shows that there is real bullish pressure in this marketplace.