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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Forex Daily Forecast, Analysis and Prediction
Get the AUD/USD Forex Signal for March 29, 2017 here.
Get the USD/JPY Forex Signal for March 29, 2017 here.
Get the USD/CAD Forex Signal for March 29, 2017 here.
Get the USD/CHF Forex Signal for March 29, 2017 here.
Get the GBP/USD Forex Signal for March 29, 2017 here.
Get the EUR/USD Forex Signal for March 29, 2017 here.
Gold prices dropped $2.33 yesterday as global stock markets and the dollar rose on stronger-than-expected U.S. economic data.
The S&P 500 initially dipped at the open on Tuesday, but ended up breaking above the top of the hammer from Monday and that is a very bullish sign. The NASDAQ 100 look very strong during the day as we pulled back just enough to touch the 20 day exponential moving average and continue to go much higher.
The WTI Crude Oil market had a wild day as we initially fell, but found enough support near the $47.90 level to break above the top of the hammer from the previous session. Natural gas markets initially fell during the day on Tuesday but found the $3.00 level to be supportive enough to turn things around.
The EUR/USD pair had a rough day as we ended up falling low enough to touch the 1.08 handle, and more importantly fill the gap from the Monday open. The British pound initially tried to rally but broke down significantly below the 1.25 handle, which was a very bearish sign.
The USD/JPY pair initially fell during the day on Tuesday but found enough support off the 50% Fibonacci retracement level to turn things around and form a very strong candle. The Australian dollar had a wild session during the day, at one point in time breaking down significantly but finding enough support at the 61.8% Fibonacci retracement level to turn things around and bounce.
The EUR/USD pair gapped higher during the day on Monday, and reached all the way to the 1.09 handle.
Get the NZD/USD Forex signal for March 28, 2017 here.
Get the AUD/USD Forex signal for March 28, 2017 here.
Get the USD/JPY Forex signal for March 28, 2017 here.