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.
The US dollar gapped higher against the Japanese yen at the open on Monday, as Abe got an overwhelming victory in the election. The Australian dollar initially tried to rally, began back quite a bit of the gains to sit right on the 0.78 level.
The S&P 500 initially tried to rally during the session on Monday, but then rolled over to form a negative candle. The NASDAQ 100 initially tried to rally but then fell significantly.
The WTI Crude Oil market was volatile on Monday, as we continue to find resistance just above the $52 handle. Natural gas markets exploded to the upside, gapping all the way to the $3 handle at the open on Monday.
Get the USD/JPY Forex Signal for October 24, 2017 here.
Get the USD/CAD Forex Signal for October 24, 2017 here.
Get the GBP/USD Forex Signal for October 24, 2017 here.
Get the EUR/USD Forex Signal for October 24, 2017 here.
Get the NZD/USD Forex signal for October 23, 2017 here.
Get the AUD/USD Forex signal for October 23, 2017 here.
Check out the BTC/USD Forex signal for October 23, 2017 here.
The EUR fell significantly against the US dollar during the day on Friday, as it looks likely that we are going to go reaching towards the 1.17 level underneath.
The US dollar exploded to the upside during the day on Friday as it appears that Donald Trump is going to nominate a hawkish Federal Reserve Chairman, which of course is bullish for the US dollar.
The S&P 500 exploded to the upside during the day on Friday as it was announced that tax deals may be happening in Washington DC.
The WTI Crude Oil market initially fell during the Friday trading session, but found enough support underneath that the $50.80 region to turn around and form a nice-looking hammer.
Get the USD/JPY Forex signal for October 23, 2017 here.
