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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At the moment, the WTI Crude Oil and Brent Crude Oil markets are the ones that I get the most questions about. This is because of the recent breakout and of course the production cut agreement between the OPEC and non-OPEC countries. Get the 2017 forecast here.
The Euro has been range bound for the last couple of years. While it has been a very rocky and tumultuous road, the reality is that we have been trading between 1.05 and 1.15 for almost 2 years now. Find out what's in store for this unpredictable pair for the new year ahead.
The WTI Crude Oil market rallied during the day on Tuesday, as volume picked up a little bit after the holiday. The natural gas markets gap tire at the open on Tuesday, then turned around to fill the gap, and then closed near the $3.75 level
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The S&P 500 rallied during the session on Tuesday, as traders came back from the Christmas vacation. The NASDAQ 100 broke out during the session on Tuesday, reaching towards the psychologically important level of 5000.
The EUR/USD pair initially fell on Tuesday, but bounced enough to form a slightly positive candle while this is a positive outcome for the day, do not see any reason to start going long at this point. It was a reasonably quiet session on Tuesday, as volume might have been an issue as we are between Christmas and the New Year’s Day holiday.
The USD/JPY pair rallied slightly on Tuesday, and what would have been a low-volume environment. The Australian dollar went back and forth on Tuesday, showing very little in the way of volatility.
Get the NZD/USD Forex Signal for December 27, 2016 here.
Get the AUD/USD Forex Signal for December 27, 2016 here.
Get the USD/JPY Forex Signal for December 27, 2016 here.
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Get the USD/CAD Forex signal for December 27, 2016 here.
Get the USD/CHF Forex signal for December 27, 2016 here.
Get the GBP/USD Forex signal for December 27, 2016 here.
Get the EUR/USD Forex signal for December 27, 2016 here.
The EUR/USD pair has been fairly quiet towards the end of the year, as we continue to hover above the 1.05 level. Get our Q1 2017 forecast for the EUR/USD pair here.
Gold markets have been extraordinarily bearish over the last several months, and with that being the case I don’t have an interest in buying this market.