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 Daily Forecast, Analysis and Prediction
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Get the USD/JPY Forex signal for October 31, 2016 here.
Get the USD/CAD Forex signal for October 31, 2016 here.
Get the USD/CHF Forex signal for October 31, 2016 here.
Get the GBP/USD Forex signal for October 31, 2016 here.
Get the EUR/USD Forex signal for October 31, 2016 here.
The euro rallied against the US dollar during the day on Friday, reaching above the couple of shooting stars. The GBP/USD pair initially fell during the course of the day on Friday but turned around to form a bit of a hammer.
The WTI Crude Oil market finally broke below the $49 level during the course of the Friday session, and for me that’s a sell signal. Natural gas markets of been a massive of the last several sessions as you can see, but during the Friday session we fell initially only to find support yet again at the 50-day exponential moving average and of course the $3 level.
The S&P 500 went back and forth during the course of the session on Friday, testing the 2120 level for support. The NASDAQ 100 initially rallied during the course of the session on Friday, but turned around to form a bit of a shooting star.
The USD/JPY pair went back and forth during the course of the session on Friday, showing the 105 level to be a bit too resistive. The Australian dollar initially fell during the course of the session on Friday, but turned around to form a hammer.
Gold prices rose for a second consecutive week but ended the month with a loss of 3.2%.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of October 30, 2016
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 31, 2016.
Check out the forecast for the week of October 31, 2016 featuring some of the major Forex pairs here.
The EUR/USD pair initially tried to rally during the course of the day on Thursday, but turned around to form a bit of a shooting star. The British pound tried to rally during the course of the session on Thursday, but then turned around to fall initially.
The S&P 500 went back and forth during the course of the session on Thursday, forming a neutral candle. The NASDAQ 100 tried to rally during the course of the session on Thursday, but still sees quite a bit of resistance near the 4900 level.