The S&P 500 rallied during the session on Tuesday, as traders came back from the Christmas vacation. The NASDAQ 100 broke out during the session on Tuesday, reaching towards the psychologically important level of 5000.
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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The EUR/USD pair initially fell on Tuesday, but bounced enough to form a slightly positive candle while this is a positive outcome for the day, do not see any reason to start going long at this point. It was a reasonably quiet session on Tuesday, as volume might have been an issue as we are between Christmas and the New Year’s Day holiday.
The USD/JPY pair rallied slightly on Tuesday, and what would have been a low-volume environment. The Australian dollar went back and forth on Tuesday, showing very little in the way of volatility.
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Get the NZD/USD Forex Signal for December 27, 2016 here.
Get the AUD/USD Forex Signal for December 27, 2016 here.
Get the USD/JPY Forex Signal for December 27, 2016 here.
Get the USD/CAD Forex signal for December 27, 2016 here.
Get the USD/CHF Forex signal for December 27, 2016 here.
Get the GBP/USD Forex signal for December 27, 2016 here.
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Get the EUR/USD Forex signal for December 27, 2016 here.
The EUR/USD pair has been fairly quiet towards the end of the year, as we continue to hover above the 1.05 level. Get our Q1 2017 forecast for the EUR/USD pair here.
Gold markets have been extraordinarily bearish over the last several months, and with that being the case I don’t have an interest in buying this market.
The Australian dollar has been rather choppy over the last several weeks as I write this, but most importantly we have broken down below a significant uptrend line.
Get the Natural Gas forecast for the new trading quarter of 2017 here.
The US dollar has been falling against the Canadian dollar as of late, and as a rank in this article, we are testing a fairly significant support line. Get the forecast for the new trading quarter as 2017 approaches here.