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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Get the USD/JPY Forex signal for March 1, 2017 here.
The FTSE 100 had a choppy session during session on Tuesday, but what catches my eye is the fact that we formed a hammer on both Monday and Friday from the previous week, and that the hammer used the 7200 level to bounce and show signs of life again.
The EUR/USD pair initially rallied during the day on Tuesday, but the 50-day exponential moving average has yet again offered resistance. The British pound initially rallied on Tuesday, but turned around to test the 1.24 region.
The US dollar initially fell against the Japanese yen during the session on Tuesday but turned around to form a hammer like candle. The Australian dollar initially tried to rally during the session on Tuesday, but turned around to show signs of weakness.
The WTI Crude Oil market had a very volatile session on Tuesday, initially falling below the $53.50 level. Natural gas markets initially dipped lower during the day on Tuesday but then slammed into the $2.75 level.
The S&P 500 fell initially on Tuesday but turned around to form a hammer. The NASDAQ 100 rallied after initially falling during the day on Tuesday, showing signs of life just above the 5300 level.
Get the USD/CAD Forex signal for March 1, 2017 here.
Get the USD/CHF Forex signal for March 1, 2017 here.
Get the GBP/USD Forex signal for March 1, 2017 here.
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Get the EUR/USD Forex signal for March 1, 2017 here.
Gold prices fell $4.06 on Tuesday, extending their losses to a second straight session, as investors grew more confident that the Federal Reserve could raise interest rates as early as this month.
Gold markets have been very strong for some time now, but are starting to run into a little bit of trouble at the 61.8% Fibonacci retracement level.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/JPY pair has been very volatile during February, but quite frankly I think the Forex markets in general have been choppy.
The AUD/USD pair has been struggling as of late, mainly because we have been a bit overextended.
The British pound has been an interesting currency to follow, because there are so many moving pieces at one time.