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 West Texas Intermediate grade of crude oil broke out during the day on Wednesday, as we have certainly left the $50 region behind. The natural gas markets test of the $2.50 level during the day on Wednesday but failed.
The USD/JPY pair initially fell on Wednesday but found enough support near the recent lows to bounce a bit and form something akin to a hammer. The AUD/USD pair broke higher during the day on Wednesday, as we have approached the 0.75 handle.
Gold prices rose 1.66% on Wednesday to settle at their highest level since May 18 as the US dollar continued to weaken on growing expectations the Federal Reserve won't raise interest rates this summer.
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The EUR/USD pair went back and forth during the course of the session on Tuesday again, as we have simply sat still this week. The GBP/USD pair surged higher during the day on Tuesday, but then gave up about half of the gains.
The WTI Crude Oil market broke higher during the course of the session on Tuesday, clearing the $50 level. Natural gas markets initially fell during the day on Tuesday, but turned right back around to explode to the upside.
The USD/JPY pair initially tried to rally during the day on Tuesday, but we struggled as we approached the 108 level. The AUD/USD pair broke higher during the course of the session on Tuesday, getting above the 0.74 level.
The S&P 500 rose initially during the course of the session on Tuesday, but then turned right back around to form a shooting star. The NASDAQ 100 try to rally as well, but also produced a shooting star.
During the day on Tuesday, the gold markets initially fell during the session, but did bounce to show that the $1240 level continues to be quite a bit of support.
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Get the USD/CHF Forex signal for June 8, 2016 here.
Get the GBP/USD Forex signal for June 8, 2016 here.
Get the EUR/USD Forex signal for June 8, 2016 here.