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 initially tried to rally during the course of the session here on Tuesday, but turned back around to form a shooting star. The NASDAQ 100 tried to break out above the 4800 level during the course of the day on Tuesday, but pulled back to form a shooting star.
The WTI Crude Oil market initially tried to rally during the day on Tuesday but found enough resistance above the $43 level to turn things around and form a shooting star. Natural gas markets had a very bearish session during the day on Tuesday, breaking through some support but I have been seen for some time that I do not believe that the actual trend changes until we get well below the $2.50 level.
The dollar initially tried to rally against the Japanese yen, but as you can see turned around to fall during the day. The AUD/USD pair initially fell during the day on Tuesday but turned around to form a nice-looking hammer.
Gold prices ended Tuesday's session up $5.44, as a softer dollar bolstered demand for the precious metal.
Get the NZD/USD Forex signal for August 9, 2016 here.
Get the AUD/USD Forex signal for August 9, 2016 here.
Get the USD/JPY Forex signal for August 9 2016 here.
Get the USD/CAD Forex signal for August 9, 2016 here.
Get the USD/CHF Forex signal for August 9, 2016 here.
Get the GBP/USD Forex signal for August 9, 2016 here.
Get the EUR/USD Forex signal for August 9, 2016 here.
The USD/CAD pair fell during the day on Monday, but did bounce a bit at lower levels.
The EUR/USD pair did almost nothing during the day on Monday, as we continue to see softness when it comes to the Euro. The GBP/USD pair initially tried to rally during the course of the session on Monday, but turned right back around to fall towards the 1.30 level.
The USD/JPY pair gapped higher at the open on Monday, grinding a bit higher. The Australian dollar rallied during the Monday session, crashing into the 0.7675 level.
The WTI Crude Oil market initially rallied during the day on Monday, slamming into the $43 level however, there is a significant amount of resistance just above that level, and it makes sense that the market will continue to find trouble there.
