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 USD/JPY pair broke higher during the day on Wednesday, as the 112.50 level was broken yet again. The Australian dollar broke down during the day, slicing through the 0.75 level, the bottom of the hammer from the session on Tuesday.
The EUR/USD pair has been very negative for quite some time, and during the day on Wednesday only continued to be more of the same. The British pound initially fell during the day on Wednesday, but turned around at the 1.24 level to bounce and form a bit of a hammer.
Gold prices settled at $1173.17 an ounce on Wednesday, suffering a loss of 8.14% over the month.
Get the NZD/USD Forex signal for November 30, 2016 here.
Get the AUD/USD Forex signal for November 30, 2016 here.
Get the USD/JPY Forex signal for November 30, 2016 here.
The EUR/USD pair was very choppy over the last couple of weeks during the month of November, and as a result I think that the 1.05 level below is going to continue to attract attention.
The NASDAQ 100 has been very bullish of the last several weeks, slamming into the 4900 level at the end of the month of November.
The WTI Crude Oil market has been extraordinarily volatile over the last couple of weeks.
The Australian dollar has had a very volatile last several weeks, and because of this I think we will continue to see quite a bit of pressure in both directions.
The GBP/USD pair continues to go sideways overall, as the last couple of weeks has shown. However, I think it’s only a matter of time before we get some type of move.
Get the USD/CAD Forex signal for November 30, 2016 here.
Get the USD/CHF Forex signal for November 30, 2016 here.
Get the GBP/USD Forex signal for November 30, 2016 here.
Get the EUR/USD Forex signal for November 30, 2016 here.
