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 USD/JPY pair continued to go lower during the course of the day on Thursday, as this market certainly is showing quite a bit of risk aversion. The AUD/USD pair continued to go lower during the course of the day on Thursday, and now looks as if it is ready to reach down towards the 0.69 handle.
During the day on Thursday, the EUR/USD pair initially fell during the trading session but turned back around to go much higher. The GBP/USD pair fell as well during the day on Thursday, testing the support level just below at the 1.40 region.
The USD/MXN pair had a very strong session again on Thursday, following an extraordinarily strong session on Wednesday.
The WTI Crude Oil markets fell during the course of the session on Thursday, testing the $32 level. Natural gas markets continue to bang around in the consolidation area that we have been in for some time, with the bottom of the range found out the $2.20 level, and the top of the range found above at the $2.40 level.
The S&P 500 fell rather drastically during the course of the session on Thursday, crashing well below the 1980 handle, and even the 1950 level. The NASDAQ 100 also fell rather significantly during the course of the day on Thursday as selling increased late in the day.
Get the NZD/USD Forex Signal for January 7, 2016.
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Get the GBP/USD Forex Signal for January 7, 2016.
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Gold prices advanced nearly 1.7% on Wednesday to settle at their highest level since November 6.
The EUR/USD pair fell again during the day on Wednesday, but did find enough support at the 1.07 level to turn things back around and form a hammer. The British pound fell again as well during the session on Wednesday but did get a bit of a bounce as we are quite overextended to the downside.
The USD/JPY pair fell again during the session on Wednesday, testing the 118.50 level for support. The AUD/USD pair looks like it is going to try to test the 0.70 level.
