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 fell during the course of the day on Tuesday, testing the 2040 handle. The market has seen support there previously, so it’s very likely that it will find a bit of support there again. The NASDAQ 100 fell during the day as well, and also found a little bit of support somewhere near the 4450 handle.
Get the USD/CAD Forex signal for April 6, 2016 here.
Get the USD/CHF Forex signal for April 6, 2016 here.
Get the GBP/USD Forex signal for April 6, 2016 here.
Get the EUR/USD Forex signal for April 6, 2016 here.
Gold prices rose 1.3% on Tuesday, breaking a two-day losing streak, as declines in global stock markets drew buyers to the perceived safety of the precious metal.
The EUR/USD pair has been rising during the majority of 2016, but has not broken out of the consolidation area that we have been in since the end of 2014.
The USD/CAD pair has had a very rough year for the first three months. However, we are currently testing a major trend line that has been reliable for the accelerated uptrend.
The USD/MXN pair has recently been selling off, just as we have seen happen against the US dollar against several other currencies.
The EUR/GBP pair has been on an absolute tear to the upside recently, and I think that’s part of what’s going to work against this pair during the month of April.
The USD/JPY pair has fallen quite a bit during the first part of the year, but quite frankly we are starting to reach fairly significant areas of support.
Oil prices were collapsing earlier this year, but they’ve since rebounded nearly 60% from their February lows. Is the price going to keep rising?
The EUR/USD pair fell initially during the course of the day on Monday, but then turned right back around to form a hammer. The GBP/USD pair rose during the course of the session on Monday, but right now we are currently in the middle of the overall consolidation area that the market has been bouncing around in.
The WTI grade of oil initially tried to rally during the day on Monday, but turned right back around to slide through the $36 handle. Natural gas markets tried to rally during the day on Monday, but as you can see fell back below the $2 level by the time we were done.
The S&P 500 initially rose during the course of the day on Monday but found the 2080 handle to be a bit too resistive. The NASDAQ 100 did gap higher at the open on Monday, and then spent the rest the day falling.
