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 day on Wednesday but found enough support below the 2100 level to turn things around and form a hammer. The NASDAQ 100 initially fell during the day on Wednesday, but found support at the 4520 level.
The WTI Crude Oil market initially fell during the day, dipping below the $42 level on Wednesday. Natural gas markets got a bit of a boost during the day, mainly in reaction to the crude oil markets as they do sometimes tend to move in tandem.
Get the USD/CAD Forex signal for April 21, 2016 here.
Get the USD/CHF Forex signal for April 21, 2016 here.
Get the GBP/USD Forex signal for April 21, 2016 here.
Get the Forex signal for the EUR/USD pair for April 21, 2016 here.
Gold prices rose $17.51 an ounce yesterday, benefiting from a weaker dollar and downbeat economic data. The bullish trend line that the market has been following held prices yesterday and helped produce a nice bounce as expected.
Get the NZD/USD Forex signal for April 20, 2016 here.
Get the AUD/USD Forex signal for April 20, 2016 here.
Get the Forex signal for April 20, 2016 here.
Get the USD/CAD Forex signal for April 20, 2016 here.
Check out the USD/CHF Forex signal for April 20, 2016 here.
Get the GBP/USD Forex signal for April 20, 2016 here.
Get the EUR/USD Forex signal for April 20, 2016 here.
The EUR/USD pair rose significantly during the course of the day on Tuesday, testing the 1.14 region. The GBP/USD pair initially fell during the course of the day on Tuesday but found bullish pressure yet again, and as a result it looks as if the market should continue to favor the British pound, at least in the short-term.
