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 USD/JPY pair went back and forth during the course of the day on Wednesday, showing signs of support at roughly 101. The AUD/USD pair went back and forth during the course of the session on Wednesday, forming a relatively neutral candle.
The WTI Crude Oil market initially fell during the course of the session on Wednesday, but bounce significantly to reach well above the $40 handle. The natural gas markets rose during the course of the session here on Wednesday, breaking well above the $2.75 level.
The S&P 500 initially fell during the course of the day on Wednesday, but turned around to form a bit of a hammer. The NASDAQ 100 went back and forth during the course of the session on Wednesday, but eventually settled on a slightly positive candle.
Gold prices rose for the first time in four sessions and settled at $1357.97 per ounce as a rebound in the dollar and gains in stocks dented investors' appetite for the precious metal.
Get the NZD/USD Forex Signal for August 3, 2016 here.
Get the AUD/USD Forex Signal for August 3, 2016 here.
Get the USD/JPY Forex signal for August 3, 2016 here.
Get the USD/CAD Forex signal for August 3, 2016 here.
Get the USD/CHF Forex signal for August 3, 2016 here.
Get the GBP/USD Forex signal for August 3, 2016 here.
Get the EUR/USD Forex signal for August 3, 2016 here.
The EUR/USD pair rallied during the course of the day on Tuesday, as we broke above the 1.12 level. The GBP/USD pair broke higher during the course of the day on Tuesday, but we still are well within the consolidation area that has been making up the market recently.
The S&P 500 initially tried to rally during the day on Tuesday, but then broke down rather significantly. The NASDAQ 100 fell significantly during the day but did bounce to recapture about half of the losses.
The United States dollar initially rallied during the course of the session on Tuesday, but turned right back around to form a very negative candle for the day. The AUD/USD pair initially fell during the course of the day on Tuesday, but the 0.75 level appears to be massively supportive.
The WTI Crude Oil market had a very volatile session on Tuesday, but has eventually ended up forming a shooting star. Natural gas markets initially rallied during the course of the day on Tuesday, but then fell below the $2.75 level.
