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 EUR/USD pair initially tried to rally during the course of the session on Wednesday, but turned around to form a massive shooting star. The British pound rose slightly during the course of the session on Wednesday, as we continue to bounce around in general.
The S&P 500 went back and forth during the day on Wednesday, forming a big neutral candle. The NASDAQ 100 did fall a bit during the day on Wednesday, but I see quite a bit of support just below.
The USD/JPY pair initially fell on Wednesday, but turned around to form a rather positive candle. The Australian dollar initially tried to rally during the course of the session, but turn right back around to form a shooting star.
During the day on Wednesday, the crude oil market tried to rally but we found the $50 level be far too resistive. The natural gas markets initially fell during the course of the session on Wednesday, but turned right back around to form a bit of a hammer.
Get the EUR/NZD Forex signal for October 27, 2016 here.
Get the Nikkei 25 Forex signal for October 27, 2016 here.
Get the Ibex 35 Forex signal for October 27, 2016 here.
Gold prices dropped $6.82 an ounce yesterday, giving up most of the gains made in the previous session, as optimistic U.S. economic data bolstered the case for the Federal Reserve to raise interest rates in coming months.
The Euro initially fell during the day on Tuesday but bounced enough to form a little bit of a hammer. The GBP/USD pair also fell on Tuesday, but then formed a bit of a hammer as well.
The WTI Crude Oil market went back and forth during the day on Tuesday but ultimately formed a slightly negative candle. The natural gas markets continue to look very soft, as we have completely fallen apart over the last 5 or 6 sessions.
The USD/JPY pair initially rallied during the day on Tuesday but found the 105 level be far too resistive yet again. The AUD/USD pair broke higher during the course of the day on Tuesday, clearing the top of the shooting star from the session on Monday.
The S&P 500 initially tried to rally during the course of the day on Tuesday but turned back around to form a negative candle. The NASDAQ 100 initially tried to rally during the course of the session on Tuesday, but pulled back below the 4900 level one point.
Get the crude oil Forex signal for October 26, 2016 here.
Get the CAD/JPY Forex signal for October 26, 2016 here.
Get the AUD/JPY Forex signal for October 26, 2016 here.
