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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.
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The euro initially fell against the US dollar but found a little bit of support during the day on Tuesday. The GBP/USD pair is essentially “dead money” for me at the moment.
The WTI Crude Oil market fell during the day on Tuesday, wiping all of the gains from Monday. The natural gas markets fell on Tuesday, testing the $3.25 level.
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The US dollar rallied during the day on Tuesday, breaking above the 112.50 level against the Japanese yen. The Australian dollar initially fell during the day on Tuesday, and tested the 0.7450 level below.
The S&P 500 had a positive session on Tuesday, bouncing off of the 2200 level to show continued signs of bullishness. The NASDAQ 100 broke higher during the day on Tuesday as well, testing the 4900 level.
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Get the USD/CAD Forex Signal for November 29, 2016 here.
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The S&P 500 initially fell on Monday, testing the 2200 level for support. The NASDAQ 100 went back and forth during the day on Monday, as we continue to bounce around the 4850 region.
The WTI Crude Oil market initially gapped lower at the open on Monday, but then turned around to fill that gap completely. The natural gas markets rallied after initially gapping higher on Monday.
The US dollar fell initially during the day on Monday, and then turned back around to form a hammer. The Australian dollar rallied on Monday, slamming into the 0.75 region.
The EUR/USD pair initially tried to rally at the open on Monday but found quite a bit of resistance at the 1.07 level above. The British pound initially tried to rally during the Monday session but found out the 1.25 level above continues to order quite a bit of resistance into the market.
Gold prices ended Monday's session up $10.85, to settle at $1193.80 an ounce, as a drop in the U.S. dollar lent some support to the precious metal.