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
The WTI Crude Oil market exploded to the upside, breaking above the top of the previous sessions hammer. The natural gas markets initially tried to rally during the course of the session on Tuesday but found the area above the $2.75 level to be far too resistive.
Gold prices edged higher on Tuesday, snapping a three-day losing streak, as a retreat in the dollar sparked some short-side profit taking
Get the NZD/USD Forex signal for November 15, 2016 here.
Get the AUD/USD Forex signal for November 15, 2016 here.
Get the USD/JPY Forex signal for November 15, 2016 here.
Get the USD/CAD Forex signal for November 15, 2016 here.
Get the USD/CHF Forex signal for November 15, 2016 here.
Get the GBP/USD Forex signal for November 15, 2016 here.
Get the EUR/USD Forex signal for November 15, 2016 here.
The EUR/USD pair broke down at the open and continued to drop lower, as the 1.08 level has been broken down from here, and I think we’re going to reach down to the 1.05 level below as it is the next major support level.
The WTI Crude Oil market broke down initially on the open for the Monday session, dipping well below the $43 level. The natural gas markets broke higher during the day on Monday, slamming into the $2.75 level above.
The USD/JPY pair broke higher on Monday, clearing the top of the hammer from the Friday session. The Australian dollar went back and forth during the day on Monday, as we continue to test various levels of support.
The S&P 500 had a slightly negative session on Monday as traders went back to work, but I still believe that there are quite a few reasons the think that this market goes higher. The NASDAQ 100 fell during the day on Monday, testing the bottom of the hammer from the Friday session.
Get the NZD/USD Forex signal for November 14, 2016 here.
Get the AUD/USD Forex signal for November 14, 2016 here.