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 fell during the day on Thursday, as we continue to see quite a bit of resistance at the 110 level in order to keep the market lower. The AUD/USD market initially tried to rally during the course of the day on Thursday, but turned back around to fall significantly.
The S&P 500 initially tried to rally during the day on Thursday but struggled and turned back around to fall well below the 2100 level. The NASDAQ 100 also tried to rally but found the 4560 level be far too resistive, and then turned right back around to form a relatively negative candle.
Gold settled slightly higher at the end of a volatile session yesterday.
Get the NZD/USD Forex signal for April 21, 2016 here.
Get the AUD/USD Forex signal for April 21, 2016 here.
Get the USD/JPY Forex signal for April 21, 2016 here.
The EUR/USD pair initially tried to rally during the day on Wednesday but turned right back around to form a fairly negative candle. The GBP/USD pair had a back-and-forth session essentially settling nothing.
The USD/JPY pair rose during the course of the day on Wednesday, as we continue to reach towards the 110 level. The AUD/USD pair rose during the course of the day on Wednesday, testing the top of the shooting star from the Tuesday session.
The S&P 500 initially fell during the day on Wednesday but found enough support below the 2100 level to turn things around and form a hammer. The NASDAQ 100 initially fell during the day on Wednesday, but found support at the 4520 level.
The WTI Crude Oil market initially fell during the day, dipping below the $42 level on Wednesday. Natural gas markets got a bit of a boost during the day, mainly in reaction to the crude oil markets as they do sometimes tend to move in tandem.
Get the USD/CAD Forex signal for April 21, 2016 here.
Get the USD/CHF Forex signal for April 21, 2016 here.
Get the GBP/USD Forex signal for April 21, 2016 here.
Get the Forex signal for the EUR/USD pair for April 21, 2016 here.
Gold prices rose $17.51 an ounce yesterday, benefiting from a weaker dollar and downbeat economic data. The bullish trend line that the market has been following held prices yesterday and helped produce a nice bounce as expected.
