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 Euro rose drastically during the session again on Thursday, breaking above the 1.1350 level. The GBP/USD pair rallied during the session as well, and I think it’s for the same essential reason, the Federal Reserve and its inability to raise interest rates anytime soon.
The US dollar initially tried to rally during the course of the day on Thursday, but turned right back around to form a bit of a shooting star. The New Zealand dollar rally during the course of the day on Thursday, slamming into the 0.73 handle.
The S&P 500 fell initially during the course of the day on Thursday, but turned right back around to form a bit of a hammer for the session on Thursday. In the NASDAQ 100, we fell again and ended up forming a hammer just as we did in the S&P 500.
The WTI Crude Oil market broke higher during the course of the day on Thursday, as we continue to see quite a bit of bullish pressure. Natural gas markets rose during the course of the session on Thursday as well, breaking above the $2.60 level.
During the day on Thursday, we saw the US dollar fall a bit against the Mexican peso, but we did also see the 18 handle offer a bit of support yet again.
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turned right back around to form a shooting star. The Australian dollar fell significantly during the day on Tuesday, but turned right back around to show signs of support.
The EUR/USD pair went back and forth during the course of the session on Tuesday, showing quite a bit of neutrality. The British pound initially tried to rally during the course the day on Tuesday, but turned right back around to form a bit of a shooting star.
The WTI Crude Oil market initially fell during the course of the session on Tuesday, testing the $46 level. The natural gas markets went back and forth during the course of the session, as we have formed quite a bit of a neutral candle.
The S&P 500 initially fell during the course of the session on Tuesday, but found enough support to turn things back around and form a hammer. The NASDAQ 100 initially fell during the course of the session on Tuesday, but turned right back around to form a bit of a hammer.
Gold prices ended Wednesday’s session up $2.22, marking the third consecutive rise, after minutes from the Federal Reserve’s July 26-27 policy meeting cast further doubt on the possibility of an imminent rate increase.
Get the NZD/USD Forex Signal for August 18, 2016 here.
Get the AUD/USD Forex Signal for August 18, 2016 here.
Get the USD/JPY Forex Signal for August 18, 2016 here.
Get the USD/CAD Forex Signal for August 18, 2016 here.
Get the USD/CHF Forex Signal for August 18, 2016 here.
