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 USD/JPY Forex signal for August 4, 2016 here.
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Get the GBP/USD Forex signal for August 4, 2016 here.
Get the EUR/USD Forex signal for August 4, 2016 here.
The gold markets went back and forth during the course of the day on Wednesday, ultimately settling on a slightly negative candle. I believe that the longer-term outlook for gold is very bullish due to the concerns in the European Union, the United Kingdom, and quite frankly the fact that interest rates simply aren’t going anywhere anytime soon.
The EUR/USD pair broke down during the course of the day on Wednesday, as we continue to see a lot of volatility in this particular pair. The GBP/USD pair went back and forth during the course of the day on Wednesday, ultimately ended up forming a neutral candle.
The USD/JPY pair went back and forth during the course of the day on Wednesday, showing signs of support at roughly 101. The AUD/USD pair went back and forth during the course of the session on Wednesday, forming a relatively neutral candle.
The WTI Crude Oil market initially fell during the course of the session on Wednesday, but bounce significantly to reach well above the $40 handle. The natural gas markets rose during the course of the session here on Wednesday, breaking well above the $2.75 level.
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The S&P 500 initially fell during the course of the day on Wednesday, but turned around to form a bit of a hammer. The NASDAQ 100 went back and forth during the course of the session on Wednesday, but eventually settled on a slightly positive candle.
Gold prices rose for the first time in four sessions and settled at $1357.97 per ounce as a rebound in the dollar and gains in stocks dented investors' appetite for the precious metal.
Get the NZD/USD Forex Signal for August 3, 2016 here.
Get the AUD/USD Forex Signal for August 3, 2016 here.
Get the USD/JPY Forex signal for August 3, 2016 here.
Get the USD/CAD Forex signal for August 3, 2016 here.