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 initially fell on Wednesday but found enough support near the 112 level to turn things around and form a slightly positive candle. The Australian dollar broke above the 0.75 level for the first time in ages during the session on Wednesday.
The EUR/USD pair had a fairly volatile session during the day on Wednesday, but ultimately settled on a slightly positive candle. The GBP/USD pair rose slightly during the course of the day on Wednesday, as we continue to bounce around the 1.42 handle.
The WTI Crude Oil market rallied during the course of the session on Wednesday, as we continue to bounce around between the $36 level on the bottom and the $38 level on the top. The natural gas markets initially tried to rally during the day on Wednesday but turned back around and form a bit of a shooting star.
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The WTI Crude Oil market initially tried to rally during the day on Tuesday but turned back around as the $38 level offered far too much in the way of resistance. Natural gas markets went back and forth during the day, ultimately seeing a bit of a neutral candle.
The USD/JPY pair fell during the day on Tuesday, as we dropped down to the 112.50 handle. The Australian dollar had a slightly positive session during the day on Tuesday, as we broke higher and attempted to break above the 0.75 level yet again.
The EUR/USD pair broke higher during the course of the day initially on Tuesday, testing the 1.1050 level for resistance. The British pound initially fell on Tuesday but found enough buyers near the 1.42 level to turn things around and form a hammer.
The S&P 500 fell during the course of the day on Tuesday, breaking the bottom of not only the hammer from the Monday session, but the bottom of the shooting star from the Friday session. The NASDAQ 100 fell during the course of the session on Tuesday as well, breaking below the bottom of the hammer from the Monday session.
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Get the NZD/USD Forex Signal for March 8, 2016.
