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.
Gold prices ended Wednesday’s session up $11.85 as the precious metal got a boost after the release of minutes from the Federal Reserve’s July 25-26 meeting indicated that officials were conflicted on whether to raise interest rates again this year.
Get the USD/JPY Forex signal for August 17, 2017 here.
Get the USD/CAD Forex signal for August 17, 2017 here.
Get the GBP/USD Forex signal for August 17, 2017 here.
The WTI Crude Oil market fell significantly during the day on Wednesday, breaking down below the bottom of the hammer from the previous session.
The S&P 500 initially shot towards the 2475 handle, but after the dissolution of the Presidents Business Counsel, the market sold off a bit.
The US dollar initially tried to rally during the day on Wednesday, but turned around at the 111 level as the FOMC meeting minutes came out much more dovish than anticipated.
The EUR/USD pair was initially bearish on Wednesday, but found enough support at the 1.17 level to turn around and form a hammer.
Get the EUR/USD Forex signal for August 17, 2017 here.
Gold prices rose sharply in afternoon U.S. trading on Wednesday as the dollar came under fresh pressure after the minutes from the Federal Reserve’s
The USD/JPY pair broke higher on Tuesday, slicing through the 110 level. The Australian dollar initially tried to rally on Tuesday, but found enough resistance at the 0.7875 level to turn around and drop significantly.
The S&P 500 went back and forth during the day on Tuesday, but ended up forming a bit of a shooting star. The NASDAQ 100 went higher initially during the day but turned around to form a shooting star as well.
The EUR/USD pair initially fell on Tuesday, testing the 1.17 level. The British pound fell significantly during the session on Tuesday, reaching down to the 1.2850 level.
The WTI Crude Oil market initially fell on Tuesday again, but found enough support underneath the $47 level to turn around and form a hammer.
Get the NZD/USD Forex signal for August 16, 2017 here.
