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.
Most Recent
Get the GBP/USD Forex signal for August 29, 2016 here.
Get the EUR/USD Forex signal for August 29, 2016 here.
The Euro initially tried to rally during the day on Friday but turned right back around as the 1.1350 level above has offered quite a bit of resistance. The British pound initially rallied during the day on Friday but turned right back around in order to form a bit of a shooting star.
Top Forex Brokers
The WTI Crude Oil market initially tried to rally on Friday, but turned right back around to form a massive shooting star. This is a market that’s bit overextended for a few days, and the fact that we did up forming a neutral candle doesn’t overly surprise me.
The S&P 500 went back and forth during the day on Friday in a very volatile session. Obviously, the NASDAQ 100 did very much the same thing as we continue to bang up against the 4800 level.
The US dollar initially fell during the day on Friday but found enough support near the 100 level to turn things back around and form a massive green candle. The Australian dollar initially broke to the upside during the day on Friday, but turned right back around at the 0.7675 level, to show that area as being resistive still.
End the month of August 2016 with the weekly Forex forecast featuring some of the major currency pairs here.
Gold ended the week down by 1.44% at $1321.82 an ounce, weighed down by a strengthening dollar and rising expectations for an interest rate increase this year.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of August 28, 2016 here.
Bonuses & Promotions
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 28, 2016.
The Kiwi dollar failed to break out during the day, as we continue to press the 0.73 level.
The euro had a slightly positive session during the day on Thursday, but did get back about half of the gains towards the end of trading. The British pound fell during the day, as we have recently seen time and time again.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The US dollar fell again against the Mexican peso during the session on Thursday as the 18.50 level offers quite a bit of resistance.
The WTI market rose during the course of the day on Thursday, but as you can see we ran into quite a bit of volatility. Natural gas markets initially fell during the day on Thursday but found the $2.75 level to be supportive enough to turn things back around and throw the market towards the $2.85 level.
The S&P 500 initially fell during the day on Thursday, but found support yet again as we bounced and formed a bit of a hammer. The NASDAQ 100 did very much same thing during the day, initially falling the turning around to form a positive hammer.