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.
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The EUR/USD pair rallied during the day, bouncing off the 1.06 level and showing significant strength. The British pound rallied during the day as well, as the comments of the president worked against the US dollar.
The S&P 500 fell during the day on Wednesday, testing the 50-day exponential moving average. The NASDAQ 100 got beat up during the day as well, as we are testing the bottom of the hammer from the previous session.
The WTI Crude Oil market initially tried to rally again during the day on Wednesday, but found enough resistance after the bearish inventory to turn around and form a rather negative candle.
The USD/JPY pair broke down during the day on Wednesday, slicing through the 109 level. The AUD/USD pair initially fell as well, but then broke out to the upside.
Gold prices rose $12.03 on Wednesday as the dollar weakened after U.S. President Donald Trump said the dollar was “getting too strong” and he would prefer the Fed keep interest rates low.
Get the NZD/USD Forex Signal for April 12, 2017 here.
Get the AUD/USD Forex Signal for April 12, 2017 here.
Get the USD/JPY Forex Signal for April 12, 2017 here.
Get the USD/CAD Forex Signal for April 12, 2017 here.
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Get the USD/CHF Forex Signal for April 12, 2017 here.
Get the GBP/USD Forex Signal for April 12, 2017 here.
Get the EUR/USD Forex Signal for April 12, 2017 here.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair rallied initially during the day on Tuesday but ran into a significant amount of trouble above the 1.06 handle.
The USD/JPY pair had a very rocky session for the day on Tuesday as we finally broke the law you 110 handle.
The S&P 500 initially fell rather significantly during the day on Tuesday, but found enough support to turn things around and form a massive hammer.