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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Get the EUR/USD Forex Signal for August 23, 2016 here.
The S&P 500 initially dropped during the course of the day on Monday, but turned right back around to form a bit of a hammer. The NASDAQ 100 is acting very much the same as the S&P 500 but I also recognize that the 4800 level is not only supportive, but is probably more important than the 20-day exponential moving average that we see in the other market.
The WTI Crude Oil market fell during the day on Monday, as we have finally exhausted a bit. The natural gas markets rose during the course of the session on Monday, as we continue to go back and forth in this market.
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The US dollar did gap higher against the Japanese yen initially during the day on Monday, but as you can see we turn right back around to form a slightly negative candle. The AUD/USD pair initially fell during the course of the day on Monday, but bounced off of the 0.7550 level.
The EUR/USD pair initially fell during the day on Monday, but then turn right back around to form a hammer as the market decided to bounce. The British pound did bounce during the course of the day on Monday, using the 1.30 level as support.
The USD/CHF pair initially tried to rally during the course of the day on Monday, but struggled at the 0.9650 level.
Get the NZD/USD Forex Signal for August 22, 2016 here.
Get the AUD/USD Forex Signal for August 22, 2016 here.
Get the USD/JPY Forex signal for August 22, 2016 here.
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The USD/JPY pair went back and forth during the course of the day on Friday, as the 100 level offers quite a bit of support. The AUD/USD pair broke down during the course of the session on Friday, as the 0.7675 level offered resistance yet again.
The Euro fell during the course of the day on Friday, breaking down as the 1.1350 level above has offered far too much resistance. The GBP/USD pair broke down during the course of the session on Friday, testing the 1.30 level.
The WTI Crude Oil market went back and forth during the course of the day on Friday, ultimately forming a fairly neutral candle. Natural gas markets fell during the course of the day on Friday, as we continue to see bearishness in this market.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 initially fell during the day on Friday, but just as we have seen time and time again, the buyers returned to turn the market around and form a somewhat supportive looking candle. The NASDAQ 100 initially broke down as well, but turned around to form a hammer.
Get the USD/CAD Forex Signal for August 22, 2016 here.
Get the USD/CHF Forex Signal for August 22, 2016 here.