The USD/JPY pair rose during the course of the day on Tuesday, as we continued to see buyers jump into this marketplace. The NZD/USD pair initially fell during the day on Tuesday, breaking down towards the 0.67 handle.
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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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During the session on Tuesday, the GBP/CHF pair rallied significantly, breaking towards the 1.41 handle.
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The S&P 500 had a fairly decent as we gained over 1% on a break out towards the 2080 handle. The NASDAQ 100 broke higher during the day on Tuesday, clearing the top of the shooting star that formed on Monday.
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Gold edged slightly higher on Tuesday as a retreat in the U.S. dollar helped lure buyers back into the market after the previous session's 1.65% slide.
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Get the USD/CAD Forex signal for May 11, 2016 here.
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Get the USD/CHF Forex signal for May 11, 2016 here.
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Get the EUR/USD Forex signal for May 11, 2016 here.
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I highlighted yesterday a potential short trade set-up on the USD/JPY currency pair. The idea was based upon waiting for the price to reach the level of 108.72 which is the 50% Fibonacci retracement of the recent strong downwards move.
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Get the NZD/USD Forex signal for May 10, 2016 here.
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Get the AUD/USD Forex signal for May 10, 2016 here.
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Get the USD/JPY Forex signal for May 10, 2016 here.
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Get the USD/CAD Forex signal for May 10, 2016 here.
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Get the USD/CHF Forex signal for May 10, 2016 here.
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Check out our daily Forex signal for the GBP/USD pair for Tuesday, May 10, 2016
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