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 rally during the day on Wednesday, even after we get a very bearish announcement coming out of the inventories indicator. Natural gas markets initially fell during the session on Wednesday, but turned around to form a hammer.
Gold prices rose $7.77 on Wednesday as anxiety over political and economic policy changes in the United States and Europe drove investors into safer assets.
Get the NZD/USD Forex signal for February 8, 2017 here.
Get the AUD/USD Forex signal for February 8, 2017 here.
Get the USD/JPY Forex signal for February 8, 2017 here.
Get the USD/CAD Forex signal for February 8, 2017 here.
Get the USD/CHF Forex signal for February 8, 2017 here.
Get the GBP/USD Forex signal for February 8, 2017 here.
Get the EUR/USD Forex signal for February 8, 2017 here.
The session on Tuesday saw the copper markets fall slightly, but as you can see on the chart I have a massive rising triangle.
The EUR/USD pair fell initially on Tuesday, breaking below the 50-day exponential moving average at one point. The British pound initially fell off during the day on Tuesday but found enough support below the 1.24 level to turn things around and form a hammer.
The S&P 500 tried to rally initially during the day on Tuesday, but struggled a bit at the 2300 level. The NASDAQ 100 broke higher on Tuesday, clearing the 5272 handle easily.
Crude markets fell on Tuesday, and the WTI grade of course was no different. Natural gas markets shot higher on Tuesday, as we continue to bounce from the $3 region.
The US dollar rallied during the day on Tuesday, but found resistance at the 112.50 level. The Australian dollar initially fell during the session on Tuesday, but found enough support to turn things around and form a relatively supportive looking candle.
Get the NZD/USD Forex signal for February 7, 2017 here.
