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.
Oil markets were very volatile during the day on Monday, as we retraced all the gains from Friday. The natural gas markets initially tried to rally on Monday but found far too much in the way of resistance to continue going higher.
The USD/JPY pair fell on Monday, slicing through the 200-exponential moving average again. The Australian dollar fell below the 50-day exponential moving average on Monday, as traders came back and sold off risk assets in general
The S&P 500 fell rather hard during the day on Monday but ended up finding buyers late in the afternoon. The NASDAQ 100 also fell initially during the day on Monday but found enough support near the 5400 level to turn around and form a hammer.
The US Dollar recovered ground in trading in Europe as investors await some clarity on the US economic strength after mixed data added to the general uncertainty.
Get the NZD/USD Forex Signal for April 3, 2017 here.
Get the AUD/USD Forex Signal for April 3, 2017 here.
Get the USD/JPY Forex Signal for April 3, 2017 here.
Get the USD/CAD Forex Signal for April 3, 2017 here.
Get the USD/CHF Forex Signal for April 3, 2017 here.
Get the GBP/USD Forex Signal for April 3, 2017 here.
Get the EUR/USD Forex Signal for April 3, 2017 here.
The EUR/USD pair initially tried to rally during the session on Friday, but found enough resistance to turn things around and form a shooting star. The GBP/USD pair initially fell on Friday, but found enough support to turn things around and form a large green candle.
The S&P 500 fell slightly during the day on Friday, as the quarter ended. The NASDAQ 100 fell during the day on Friday, but found enough buying pressure underneath to turn things around and form a hammer.
The USD/JPY pair initially tried to rally during the session on Friday but found enough resistance at the 100-day exponential moving average to turn things around.
The WTI Crude Oil market initially fell during the session on Friday, but found enough support at the $50 level to turn things around and form a hammer.
