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 EUR/USD pair fell again during the day on Wednesday, but did find enough support at the 1.07 level to turn things back around and form a hammer. The British pound fell again as well during the session on Wednesday but did get a bit of a bounce as we are quite overextended to the downside.
The USD/JPY pair fell again during the session on Wednesday, testing the 118.50 level for support. The AUD/USD pair looks like it is going to try to test the 0.70 level.
The S&P 500 had another negative session on Wednesday, as we continue to see bearish pressure in stock markets around the world. The NASDAQ 100 fell during the day on Wednesday as well, bouncing significantly off of the 4400 level.
The WTI Crude Oil market broke down significantly during the course of the day on Wednesday, slicing through the $35 level like it wasn’t even there. Natural gas on the other hand continues to meander around the $2.30 level.
Get the NZD/USD Forex Signal for January 6, 2016.
Get the AUD/USD Forex Signal for January 6, 2016.
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Get the USD/CAD Forex Signal for January 6, 2016.
Get the USD/CHF Forex Signal for January 6, 2016.
Get the GBP/USD Forex Signal for January 6, 2016.
Get the EUR/USD Forex Signal for January 6, 2016.
The EUR/USD pair broke down during the day on Tuesday, breaking down below the 1.08 level. The GBP/USD pair fell during the course of the session on Tuesday, breaking below the 1.47 handle.
The Japanese yen has been strengthening for some time, but it is especially true against the Canadian dollar.
The USD/JPY pair fell again during the day on Tuesday, breaking the bottom of the hammer from the Monday session. Looking at the AUD/USD pair, we are starting to see a significant amount of downward pressure in this market.
The WTI Crude Oil markets fell during the session on Tuesday, breaking below the $36 level. The natural gas markets went back and forth during the day, ultimately settling on a positive candle for Tuesday.
