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 WTI Crude Oil market initially rallied at the open on Wednesday, but turned around as the $46 level continued to offer resistance. The natural gas market initially fell during the day on Wednesday, but turned around to show signs of strength.
The S&P 500 had a slightly negative session on Wednesday, as we are a bit overextended at this point. The NASDAQ 100 initially fell during the course of the session on Wednesday, but turned back around to form a hammer which of course is a very bullish sign.
The US dollar initially tried to rally against the Japanese yen, but turned around to form a shooting star. The Australian dollar fell significantly during the day on Wednesday, slicing through the 0.75 level.
Gold prices settled slightly lower on Wednesday after swinging between gains and losses as investors moved to the sidelines ahead of an appearance by Federal Reserve chair Janet Yellen in front of a congressional committee.
Get the NZD/USD Forex signal for November 16, 2016 here.
Get the AUD/USD Forex signal for November 16, 2016 here.
Get the USD/JPY Forex signal for November 16, 2016 here.
Get the USD/CAD Forex signal for November 16, 2016 here.
Get the USD/CHF Forex signal for November 16, 2016 here.
Get the GBP/USD Forex signal for November 16, 2016 here.
Get the EUR/USD Forex signal for November 16, 2016 here.
The EUR/USD pair rallied initially on Tuesday, but found the 1.08 level above to be far too resistive. The British pound fell on Monday, but did see a little bit of support near the 1.24 level.
The USD/JPY pair initially fell during the session on Tuesday, as the 107.50 level offered quite a bit of support. The Australian dollar fell initially during the day on Tuesday, testing the previous uptrend line.
The S&P 500 rally during the day on Tuesday, showing real signs of strength. The NASDAQ 100 bounced during the day on Tuesday, as the area continues to see quite a bit of volatility and more importantly, support below.
The WTI Crude Oil market exploded to the upside, breaking above the top of the previous sessions hammer. The natural gas markets initially tried to rally during the course of the session on Tuesday but found the area above the $2.75 level to be far too resistive.
