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.
Forex Technical Analysis
Browse by category
Forex Technical Analysis
Get the AUD/USD Forex Signal for April 6, 2016.
Get the USD/JPY Forex signal for April 6, 2016 here.
The EUR/USD pair initially fell during the day on Tuesday, but turn right back around to form a bit of a hammer. The GBP/USD pair fell during the course of the day on Tuesday, as we remain very consolidative.
The WTI Crude Oil market rose during the day on Tuesday, as we continue to see quite a bit of volatility. The natural gas markets initially tried to rally during the day on Tuesday, but found the area above the $2 level to be resistive yet again.
The USD/JPY pair fell during the bulk of the session on Tuesday, testing the 110 level. The AUD/USD pair initially rallied during the course of the session on Tuesday, but turned right back around form a fairly negative candle before bouncing off of the 0.75 support level.
The S&P 500 fell during the course of the day on Tuesday, testing the 2040 handle. The market has seen support there previously, so it’s very likely that it will find a bit of support there again. The NASDAQ 100 fell during the day as well, and also found a little bit of support somewhere near the 4450 handle.
Get the USD/CAD Forex signal for April 6, 2016 here.
Get the USD/CHF Forex signal for April 6, 2016 here.
Get the GBP/USD Forex signal for April 6, 2016 here.
Get the EUR/USD Forex signal for April 6, 2016 here.
Gold prices rose 1.3% on Tuesday, breaking a two-day losing streak, as declines in global stock markets drew buyers to the perceived safety of the precious metal.
The EUR/USD pair has been rising during the majority of 2016, but has not broken out of the consolidation area that we have been in since the end of 2014.
The USD/CAD pair has had a very rough year for the first three months. However, we are currently testing a major trend line that has been reliable for the accelerated uptrend.
The USD/MXN pair has recently been selling off, just as we have seen happen against the US dollar against several other currencies.
The EUR/GBP pair has been on an absolute tear to the upside recently, and I think that’s part of what’s going to work against this pair during the month of April.