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.
Most Recent
The EUR/USD pair initially rallied during the course of the session on Wednesday, but struggled at the end of the day and we ended up pulling back to form a little bit of a hammer. The GBP/USD pair broke higher during the course of the day on Wednesday, but turned right back around below the 1.45 level, and as a result we did up forming a bit of a shooting star.
The WTI Crude Oil market initially tried to rally during the course of the day on Wednesday, but we found enough resistance near the $40 level to turn things back around and form a shooting star. The natural gas markets went back and forth during the course of the session on Wednesday, as the $2 level offered enough resistance to keep the market down.
The S&P 500 rose during the course of the session on Wednesday, breaking above the 2060 handle. That being the case, it looks as if the market is ready to go higher. The NASDAQ 100 rose during the day, testing the 4520 level.
Top Forex Brokers
The USD/JPY pair fell initially during the course of the session on Wednesday, but turned back around to find a nice-looking hammer. The Australian dollar rallied on Wednesday, but gave back about half of the gains during the day.
Get the USD/CAD Forex signal for March 31, 2016 here.
Get the USD/CHF Forex signal for March 31, 2016 here.
Get the GBP/USD Forex signal for March 31, 2016 here.
Get the EUR/USD Forex signal for March 31, 2016 here.
Gold prices dropped $16.16 an ounce yesterday, giving back most of the gains made in the previous session, as expectations that U.S. interest rates will stay low led investors into riskier assets.
Bonuses & Promotions
Get the NZD/USD Forex signal for May 30, 2016 here.
Get the AUD/USD Forex signal for March 30, 2016 here.
Get the USD/JPY Forex signal for March 16, 2016 here.
The EUR/USD pair initially fell during the day on Tuesday, but found enough noise and support below to turn around and shoot much higher. The GBP/USD pair did very much the same during the course of the day on Tuesday, testing the 1.44 level.
The WTI Crude Oil market fell during the course of the session on Tuesday, testing the $38 level. The natural gas markets rose drastically during the course of the day on Tuesday, gaining 7%. That is a massive move, but we are still below the $2 level and I feel that the $2 level could be a bit of a barrier to overcome.
The USD/JPY pair initially rallied during the course of the session on Tuesday, but turned back around to form a massively red candle. The AUD/USD pair initially fell during the course of the session on Tuesday, testing the 0.75 level for support.