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.
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The US dollar has shot straight up in the air like a rocket against the Mexican peso during the month of August, as we are threatening to break above the 20 pesos level.
The NASDAQ 100 has seen quite a bit of volatility during the month of August, but quite frankly we have seen buyers come in and pick this market up off of a floor that was formed by the 50-Week EMA.
The S&P 500 has seen quite a bit of buying pressure during the month of August after selling off viciously during the previous month.
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Gold continues to be very positive, as the month of August has been very strong.
The West Texas Intermediate Crude Oil market, or US Oil, has been all over the place during the month of August, basically settling unchanged.
In our analysis of crude oil, you can see that the market did rally a bit during the early hours on Thursday but has pulled back a bit from the 50 day EMA.
The US dollar has fallen against the Chinese yuan during the trading session on Thursday to reach the 7.08 level, an area that's been important multiple times.
The US dollar has gone back and forth during the trading session on Thursday as we continue to use the 10.43 level underneath as major support.
The natural gas markets initially pulled back just a bit during the trading session on Thursday, reaching the $2.15 level before turning around and showing the signs of life.
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The S&P 500 was positive during the trading session again on. Thursday, but really at this point in time, it's a situation where traders continue to see a lot of buy on the dip mentality, the GDP numbers, in the United States came out hotter than anticipated.
In my daily analysis of the EUR/USD currency pair, the first thing I notice is that we are pulling back quite drastically, which of course makes a certain amount of sense considering that the market had gotten far too ahead of itself
In my daily analysis of the GBP/USD pair, I recognize that the market initially tried to rally a bit, only to turn around and show signs of exhaustion.
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In my daily analysis of exotic currency pairs, the chart that I am most interested in at the moment as the British pound against the Polish zloty.
In my daily analysis of the US dollar against the Canadian dollar, the first thing I see is that we are rallying quite hard, after initially falling a bit during the trading session.
In my daily analysis of exotic currency pairs, the USD/PHP currency pair continues to be a bit lackluster.