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 EUR/USD pair fell during the day on Wednesday, testing the 1.12 level for support. The British pound broke above the 1.45 level during the course of the session on Wednesday, which of course was a psychologically significant barrier.
The US dollar took off to the upside against the Japanese yen during the session on Wednesday, clearing the 110 level. The Australian dollar fell during the day on Wednesday, breaking below the bottom of the shooting star from the Tuesday session.
The WTI Crude Oil market fell slightly during the day on Wednesday, giving back all of the gains from Tuesday.
We had a fairly volatile session in the S&P 500 on Wednesday, as the 2040 level offered support. The NASDAQ 100 reached towards the 4360 level, but turned right back around to form a bit of a shooting star.
Get the USD/CAD Forex signal for May 19, 2016 here.
Get the USD/CHF Forex signal for May 19, 2016 here.
Get the GBP/USD Forex signal for May 19, 2016 here.
Get the EUR/USD Forex signal for May 19, 2016 here.
Gold prices ended Wednesday's session down $21.01 as the minutes of the Federal Reserve's April meeting fueled a rally in the dollar.
Get the NZD/USD Forex signal for May 18, 2016 here.
Get the AUD/USD Forex signal for May 18, 2016 here.
Get the USD/JPY Forex signal for May 18, 2016 here.
The EUR/USD pair tried to rally initially during the day on Tuesday but turned right back around as we continue to see quite a bit of choppiness in this market. The GBP/USD pair broke above the 1.45 level during the day but then dropped lower.
The USD/JPY pair rallied initially during the day on Tuesday, but continues to see quite a bit of resistance all the way up to the 110 handle. The AUD/USD pair fell slightly during the course of the day on Tuesday as well, but remains above the 0.73 level for the moment.
The WTI Crude Oil market rose slightly during the course of the day on Tuesday, as we broke above the $48 level. The natural gas markets have created a new trend line that is defining the uptrend, and we bounced right off of it during the session on Tuesday.
