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 did almost nothing during the day on Monday, as we continue to see softness when it comes to the Euro. The GBP/USD pair initially tried to rally during the course of the session on Monday, but turned right back around to fall towards the 1.30 level.
The USD/JPY pair gapped higher at the open on Monday, grinding a bit higher. The Australian dollar rallied during the Monday session, crashing into the 0.7675 level.
The WTI Crude Oil market initially rallied during the day on Monday, slamming into the $43 level however, there is a significant amount of resistance just above that level, and it makes sense that the market will continue to find trouble there.
The S&P 500 initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star. The NASDAQ 100 went back and forth during the course of the session on Monday, forming a somewhat neutral candle.
Gold prices fell for the second session in a row Monday, weighed down by robust U.S. employment figures released Friday.
Get the NZD/USD Forex signal for August 8, 2016 here.
Get the AUD/USD Forex signal for August 8, 2016 here.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of August 8, 2016 here.
Get the USD/JPY Forex signal for August 8, 2016 here.
Get the USD/CAD Forex signal for August 8, 2016 here.
Get the USD/CHF Forex signal for August 8, 2016 here.
Get the GBP/USD Forex signal for August 8, 2016 here.
Get the EUR/USD Forex signal for August 8, 2016 here.
The USD/CAD pair rose during the course of the session on Friday, bouncing off of the 1.30 level in order to form a very strong looking candle.
The EUR/USD pair went back and forth during the course of the day, ultimately settling on a negative candle after we had a better than anticipated jobs number out of the United States. The British pound fell during the day but did bounce off the 1.30 level as I anticipated.
