Gold prices sank 1.8% and settled at $1336.84 an ounce as strength in the dollar weighed on the market and drew investors away from the precious metal.
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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.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 8, 2016.
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Get our weekly forecast featuring major Forex currency pairs like EUR/USD, USD/JPY, USD/CAD and more here for the week of August 8, 2016.
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The S&P 500 went back and forth during the course of the day on Thursday, as we continue to see quite a bit of volatility. The NASDAQ 100 initially fell during the course of the day on Thursday, but turned things back around to form a hammer.
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The USD/JPY pair went back and forth during the day on Thursday, ultimately settling nothing. The Australian dollar rallied during the course of the day on Thursday, as we continue to grind higher.
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The EUR/USD pair initially fell during the day on Thursday but bounced enough to form a little bit of a hammer. The British pound of course has been falling over the longer term and had a very negative session on Thursday.
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Silver markets initially fell during the course of the day on Thursday, finding support near the $20 level.
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The WTI Crude Oil market initially tried to fall during the session on Thursday, but turned right back around to form a hammer. The natural gas markets went back and forth during the course of the day on Thursday, but ended up forming a bit of a shooting star.
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Gold edged higher on Thursday, recovering a portion of the previous day’s losses, after the Bank of England cut interest rates to record lows and announced a stimulus program to support the country’s economy.
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Get the NZD/USD Forex signal for August 4, 2016 here.
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Get the AUD/USD Forex signal for August 4, 2016 here.
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Get the USD/JPY Forex signal for August 4, 2016 here.
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Get the USD/CAD Forex signal for August 4, 2016 here.
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Get the USD/CHF Forex signal for August 4, 2016 here.
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Get the GBP/USD Forex signal for August 4, 2016 here.
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