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 Euro broke higher during the day on Tuesday, clearing the top of the hammer from the Monday session. The British pound did very little during the course of the session on Tuesday, as we continue to hover just above the 1.20 level.
The USD/JPY pair initially tried to rally during the day on Tuesday, but turn right back around as the 105 level has offered way too much in the way of resistance. The Australian dollar rally during the course of the session on Tuesday, breaking higher in reaching towards the 0.77 level.
The WTI Crude Oil market went back and forth during the course of the session on Tuesday, as they ended up forming a fairly neutral candle in this market. The natural gas market tried to rally initially during the day on Wednesday, but turned right back around at the $3 level as it is massively important to this market.
During the day on Tuesday, the S&P 500 broke down significantly during the course of the day on Tuesday, as we have sliced through the 2120 handle.
Gold prices rose $10.79 on Tuesday as a softer dollar and uncertainty surrounding the U.S. presidential election bolstered demand for the precious metal.
Get the NZD/USD Forex signal for November 1, 2016 here.
Get the AUD/USD Forex signal for November 1, 2016 here.
Get the USD/JPY Forex signal for November 1, 2016 here.
Get the USD/CAD Forex signal for November 1, 2016 here.
Get the USD/CHF Forex signal for November 1, 2016 here.
Get the GBP/USD Forex signal for November 1, 2016 here.
Get the EUR/USD Forex signal for November 1, 2016 here.
The EUR/USD pair fell significantly at the beginning of the session on Monday, but did find enough support just above the 1.09 level to turn things back around. The GBP/USD pair fell slightly during the day but then bounced enough to form a somewhat supportive candle for Monday.
The USD/JPY pair bounced a bit during the day on Monday, after gapping lower. The Australian dollar broke higher during the day on Monday, clearing the top of the hammer from the session on Friday.
S&P 500 markets rallied after initially falling on Monday, as the 2120 has offered quite a bit of support. The NASDAQ 100 did the same thing as well, bouncing off of the 4800 level for support, but as you can see ended up forming a shooting star which of course is very negative.
