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 broke higher during the course of the session on Thursday, but as you can see we are still just below the top of the couple of shooting stars. The NASDAQ 100 tried to rally during the course of the day on Thursday, and it keep some of the gains but as you can see the 4800 level above has offered quite a bit of resistance.
The USD/JPY pair had a slightly positive session during the day on Thursday, but at this point in time I believe that the real story is going to be closer to the 100 level. The AUD/USD pair initially fell during the course of the day, but as you can see the 0.7675 level has offered quite a bit of support.
The Euro initially fell during the course of the day on Thursday, but as you can see bounced significantly in order to form a bit of a hammer. The British pound fell again during the day on Thursday, as we continue to chip away at the massive amount of support near the 1.30.
Gold prices dropped $7.61 an ounce yesterday, giving up all of the gains made in the previous session, as gains in the dollar dimmed the precious metal's appeal.
Get the NZD/USD Forex signal for August 11, 2016 here.
Get the AUD/USD Forex signal for August 11, 2016 here.
Get the USD/JPY Forex signal for August 11, 2016 here.
Get the USD/CAD Forex signal for August 11, 2016 here.
Get the USD/CHF Forex signal for August 11, 2016 here.
Get the GBP/USD Forex signal for August 11, 2016 here.
Get the EUR/USD Forex signal for August 11, 2016 here.
The GBP/CHF pair initially tried to rally during the day on Wednesday, but found enough resistance of the 1.2850 region to turn things around again, and form a very negative looking candle.
The EUR/USD pair broke higher during the course of the day on Wednesday, as we tested the 1.12 level. The GBP/USD pair initially tried to rally during the course of the day on Wednesday, but turn right back around to form a shooting star.
The S&P 500 initially tried to rally during the course of the session on Wednesday, but turned around to form a fairly negative candle. The NASDAQ 100 initially tried to rally during the course of the session on Wednesday, but we failed and turn right back around to form a bit of a shooting star.
The USD/JPY pair fell during the course of the session on Wednesday, but at this point in time I believe that the market will more than likely find quite a bit of support just below, as the area between the 101 level and the 100 level below could offer a bit of a barrier to breaking down significantly.
