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 Euro bounced during the day after initially falling on Monday. The British pound did fall during the course of the session on Monday, and with that being the case, it looks as if we are going to reach down to the 1.30 level where we see quite a bit of support.
The USD/JPY pair initially rallied during the course of the session on Monday, but then turned right back around to form a shooting star. The Australian dollar initially fell but then turned right back around to form a bullish candle.
The S&P 500 rallied during the course of the session here on Monday, as we continue to go sideways overall. The NASDAQ 100 rally during the course of the session on Monday, as we continue to test around the 4800 level.
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The WTI Crude Oil market fell slightly during the course of the session on Monday, as we continue to see quite a bit of volatility. The natural gas markets gapped higher at the open on Monday, slamming into the $2.90 level.
Gold edged higher on Monday as the dollar pared its recent gains on doubts the Federal Reserve would hike rates at its next meeting.
Get the NZD/USD Forex signal for August 29, 2016 here.
Get the AUD/USD Forex signal for August 29, 2016 here.
Get the USD/JPY Forex signal for August 29, 2016 here.
Get the USD/CAD Forex signal for August 29, 2016 here.
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Get the USD/CHF Forex signal for August 29, 2016 here.
Get the GBP/USD Forex signal for August 29, 2016 here.
Get the EUR/USD Forex signal for August 29, 2016 here.
The Euro initially tried to rally during the day on Friday but turned right back around as the 1.1350 level above has offered quite a bit of resistance. The British pound initially rallied during the day on Friday but turned right back around in order to form a bit of a shooting star.
The WTI Crude Oil market initially tried to rally on Friday, but turned right back around to form a massive shooting star. This is a market that’s bit overextended for a few days, and the fact that we did up forming a neutral candle doesn’t overly surprise me.
The S&P 500 went back and forth during the day on Friday in a very volatile session. Obviously, the NASDAQ 100 did very much the same thing as we continue to bang up against the 4800 level.