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 Euro initially fell during the day on Thursday, but turned right back around to show signs of support as we bounced enough to break towards the 1.105080. The British pound initially fell on Thursday but bounced enough to form a bit of a hammer as we continue to see buying pressure appear.
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Get the GBP/USD Forex signal for October 13, 2016 here.
Get the EUR/USD Forex signal for October 13, 2016 here.
The Euro fell during the course of the day on Wednesday, testing the 1.10 level below. The GBP/USD pair went back and forth during the course of the session, forming a hammer like candle.
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The USD/JPY pair rallied during the course of the session on Wednesday, as we continue to see quite a bit of bullish pressure. The Australian dollar went back and forth during the course of the session on Wednesday, showing signs of exhaustion but more of a grind than anything else.
The WTI Crude Oil market initially tried to rally during the day on Wednesday, but pullback in order to test the $50 level for support. Natural gas markets had a slightly negative session during the day on Wednesday, as we have gotten a bit overextended.
The S&P 500 went back and forth during the day on Wednesday, as we continue to find support just below. The NASDAQ 100 went back and forth during the course of the session on Wednesday, as we bounced off of the 4800 level below.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices inched higher on Wednesday after the release of minutes from the U.S. Federal Reserve’s September meeting highlighted internal divisions over timing of next interest rate hike.
The EUR/USD, arguably the most traded currency pair in the world, remains lower with the Euro under continued pressure despite the latest economic data.
The US dollar initially rallied during the day on Tuesday, but turned back around to fall against the Japanese yen. The New Zealand dollar had a very negative session during the day on Tuesday, as we continue to see bearish pressure in general, and of course the lack of risk appetite when it comes to the commodity markets as well.