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 went back and forth during the course of the session, as we are going to continue to see quite a bit of back and forth type of trading. The NASDAQ 100 rose during the course of the session on Monday, but initially found a bit of negative pressure.
Get the NZD/USD Forex signal for August 1, 2016 here.
Get the AUD/USD Forex signal for August 1, 2016 here.
Get the USD/JPY Forex signal for August 1, 2016 here.
Get the USD/CAD Forex signal for August 1, 2016 here.
Get the USD/CHF Forex signal for August 1, 2016 here.
Get the GBP/USD Forex signal for August 1, 2016 here.
Get the EUR/USD Forex signal for August 1, 2016 here.
The EUR/USD pair had a very strong session on Friday, as we continue to see quite a bit of bullish pressure. The GBP/USD pair initially tried to rally during the day, but did get back over half of the gains.
The S&P 500 initially fell during the day on Friday, but just as we have seen all week, market turned right back around and gained enough to form a nice-looking hammer. The NASDAQ 100 initially fell during the course of the day on Friday as well, but just like we did in the S&P 500, the NASDAQ 100 rallied enough to form a nice-looking hammer.
The WTI Crude Oil market initially fell during the day on Friday, but turned around to bounce and form a slightly positive candle. The natural gas markets rallied during the day on Friday, but turned right back around to form a shooting star.
The US dollar initially rallied against the Japanese yen but found so much pressure above the 105 level that we just rolled right over. The Australian dollar initially dipped but ended up finding quite a bit of support at the 0.75 handle.
Gold prices settled at $1350.77 an ounce on Friday, rising 2.1% on the week and 2.2% over the month.
The Euro rose during the course of the final week of August, but I cannot help but notice that on the shorter-term charts it appears that the market is trying to roll over a little bit.
The New Zealand dollar has had quite a bit of volatility in it over the last several weeks, and as we approached the 0.73 level, it turned the market back around.
