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 initially fell during the course of the session on Monday, but turned around back around to form a very bullish candle. The NASDAQ 100 initially fell as well, but much like the S&P 500 ended up turning completely around and forming a bullish candle.
Gold started the week on the back foot but recouped losses as investors’ concerns about interest rates eased following dovish comments from a Federal Reserve official.
Get the NZD/USD Forex signal for September 12, 2016 here.
Get the AUD/USD Forex signal for September 12, 2016 here.
Get the USD/JPY Forex signal for September 12, 2016 here.
Get the USD/CAD Forex signal for September 12, 2016 here.
Get the USD/CHF Forex signal for September 12, 2016 here.
Get the GBP/USD Forex signal for September 12, 2016 here.
Get the EUR/USD Forex signal for September 12, 2016 here.
The Euro fell during the course of the day on Friday, slamming into the 1.12 level. The British pound of course fell a bit during the course of the day on Friday, as we continue to see negative pressure.
The USD/JPY pair went back and forth during the course of the session on Friday, as we continue to see buying opportunities in this market. The New Zealand dollar fell significantly during the course of the session on Friday, testing the 0.73 level.
The WTI Crude Oil market fell during the course of the session on Friday, testing the $46 level. Natural gas markets initially trying to rally during the course of the session on Friday, turning right back around form a shooting star.
The S&P 500 had a very tough day on Friday as traders are starting to worry about whether or not central banks can continue to list the markets. The NASDAQ 100 broke down significantly as well, testing the 4700 level.
Gold prices fell $9.59 on Friday, down for the third straight session to $1327.98 an ounce, as concerns that an interest rate increase may come sooner than expected and a strengthening dollar weighed on demand for the precious metal.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of September 12, 2016 here.
