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 WTI Crude Oil market initially tried to rally during the day on Wednesday, but pullback in order to test the $50 level for support. Natural gas markets had a slightly negative session during the day on Wednesday, as we have gotten a bit overextended.
The S&P 500 went back and forth during the day on Wednesday, as we continue to find support just below. The NASDAQ 100 went back and forth during the course of the session on Wednesday, as we bounced off of the 4800 level below.
Gold prices inched higher on Wednesday after the release of minutes from the U.S. Federal Reserve’s September meeting highlighted internal divisions over timing of next interest rate hike.
The EUR/USD, arguably the most traded currency pair in the world, remains lower with the Euro under continued pressure despite the latest economic data.
The US dollar initially rallied during the day on Tuesday, but turned back around to fall against the Japanese yen. The New Zealand dollar had a very negative session during the day on Tuesday, as we continue to see bearish pressure in general, and of course the lack of risk appetite when it comes to the commodity markets as well.
The Euro broke down significantly during the course of the day on Tuesday, as we have cleared all of the support that extended down to the 1.11 handle, and now are starting to head towards the 1.10 level below that. The GBP/USD pair broke down during the day on Tuesday as well, slicing through the bottom of the hammer from a couple of sessions ago, and it now looks like it’s free to go down to the 1.20 level below.
The S&P 500 fell rather significantly during the course of the session on Tuesday, as we saw quite a bit of volatility in the markets. The NASDAQ 100 of course did very much the same thing during the day, reaching towards the 4800 level.
The WTI Crude Oil market try to rally initially, but turn right back around to fall towards the $50 level. Natural gas markets went back and forth during the course of the day on Tuesday, showing real signs of strength.
Get the NZD/USD Forex signal for October 11, 2016 here.
Get the AUD/USD Forex signal for October 11, 2016 here.
Get the USD/JPY Forex signal for October 11, 2016 here.
Get the USD/CAD Forex signal for October 11, 2016 here.
Get the USD/CHF Forex signal for October 11, 2016 here.
Get the GBP/USD Forex signal for October 11, 2016 here.
Get the EUR/USD Forex signal for October 11, 2016 here.
