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
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 7, 2017.
Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of August 7, 2017 here.
The US dollar exploded to the upside during the session on Friday as the jobs number came out much longer than anticipated. The New Zealand dollar fell slightly during the day as we continue to see negative pressure.
The EUR/USD pair fell significantly during the session on Friday, after the jobs number came out of America much stronger than anticipated. The British pound fell significantly after the job announcement as well, and is reaching towards the significant 1.30 level.
The EUR/USD went back and forth during the course of the session on Thursday, as we have gotten a bit ahead of ourselves.
The S&P 500 fell initially during the day on Thursday, but as we have seen all week, the buyers came back to pick up the market.
The US dollar fell during the day on Thursday, testing the 110 handle. The Australian dollar as you can see fell initially during the day but turned around to form a bit of a hammer.
The WTI Crude Oil market initially tried to rally during the day on Thursday, but as we approached the psychologically important $50 level, the market broke down significantly.
Gold is modestly higher in U.S. trading Thursday. XAU/USD climbed back above the $1264 level earlier in the day
Bonuses & Promotions
Get the NZD/USD Forex signal for August 3, 2017 here.
Get the AUD/USD Forex signal for August 3, 2017 here.
Get the BTC/USD Forex signal for August 3, 2017 here.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair rallied during the day on Wednesday, as we broke towards the 1.19 level. Alternately, I believe that the British pound isn’t nearly as overbought as the EUR/USD pair is.
The US dollar initially tried to rally during the day on Wednesday, but found enough resistance near the 111 level to turn things around.
The S&P 500 fell significantly during the day on Wednesday again, but just as a we keep seeing, algorithmic traders are jumping into the market and picking up with a perceived as a move beyond standard deviation.