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 S&P 500 fell slightly during the day on Tuesday, as we reached a pretty significant resistance barrier in the form of the 2100 level. The NASDAQ 100 initially fell during the day as well, but did bounce enough to form a bit of a hammer.
Get the USD/JPY Forex signal for June 1, 2016 here.
Get the USD/CAD Forex signal for June 1, 2016 here.
Get the USD/CHF Forex signal for June 1, 2016 here.
Get the GBP/USD Forex signal for June 1, 2016 here.
Get the EUR/USD Forex signal for June 1, 2016 here.
The EUR/USD pair has been falling during the entire month of May. However, I think that we have a little bit lower to go, perhaps reaching down towards the 1.10 level which was an area that had previously been resistive.
The GBP/JPY pair rose during the course of the last several weeks, and has exploded above the 158 level which had been so resistive in the past.
The AUD/USD pair has drifted a bit lower during the course of the last several weeks, but I believe that we are more than likely going to see a bit of a bounce from here as we are probably oversold at this point in time.
The EUR/JPY pair has had a very bumpy last couple of months, and I don’t know that is going to change anytime soon.
The USD/CAD pair has been one of the more interesting ones to pay attention to lately, because we have seen so much in the way of volatility when it comes to the crude oil markets.
Get the NZD/USD Forex signal for May 31, 2016 here.
Get the AUD/USD Forex signal for May 31, 2016 here.
Get the USD/JPY Forex signal for May 31, 2016 here.
The EUR/USD pair rose slightly during the course of the day on Monday, but you have to keep in mind that there are would be a lack of liquidity due to the fact that the Americans were away celebrating Memorial Day.
