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
The USD/JPY pair fell during the course of the session on Wednesday, but at this point in time I believe that the market will more than likely find quite a bit of support just below, as the area between the 101 level and the 100 level below could offer a bit of a barrier to breaking down significantly.
The WTI Crude Oil market initially tried to rally during the day on Wednesday, but turned right back around to form a very bearish candle after forming the shooting star on Tuesday. The natural gas markets initially tried to rally during the course of the day on Wednesday, but as you can see fell and ended up forming a fairly negative candle.
Gold prices advanced on Wednesday as the dollar weakened and a pullback in equity markets lent some support to the precious metal.
Top Forex Brokers
Get the NZD/USD Forex signal for August 10, 2016 here.
Get the AUD/USD Forex signal for August 10, 2016 here.
Get the USD/JPY Forex signal for August 10, 2016 here.
Get the USD/CAD Forex signal for August 10, 2016 here.
Get the USD/CHF Forex signal for August 10, 2016 here.
Get the GBP/USD Forex signal for August 10, 2016 here.
Bonuses & Promotions
Get the EUR/USD Forex signal for August 10, 2016 here.
The gold markets initially fell during the day on Tuesday, but we found enough support near the 1325 level to turn things around and bounce to form a bit of a hammer.
The EUR/USD pair initially tried to fall during the course of the day, but as you can see found support later during the session and rallied a bit. The British pound broke down during the course of the day on Tuesday, slicing through the 1.30 level at one point.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 initially tried to rally during the course of the session here on Tuesday, but turned back around to form a shooting star. The NASDAQ 100 tried to break out above the 4800 level during the course of the day on Tuesday, but pulled back to form a shooting star.
The WTI Crude Oil market initially tried to rally during the day on Tuesday but found enough resistance above the $43 level to turn things around and form a shooting star. Natural gas markets had a very bearish session during the day on Tuesday, breaking through some support but I have been seen for some time that I do not believe that the actual trend changes until we get well below the $2.50 level.
The dollar initially tried to rally against the Japanese yen, but as you can see turned around to fall during the day. The AUD/USD pair initially fell during the day on Tuesday but turned around to form a nice-looking hammer.