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 USD/CAD Forex Signal for June 9, 2016.
Get the EUR/USD Forex Signal for June 9, 2016 here.
Gold markets rose during the session on Wednesday, as we broke above the $1250 level I mentioned yesterday.
Top Forex Brokers
The EUR/USD pair broke higher during the day on Wednesday, as it looks like we are trying to break out of the consolidation area that we had been in over the last several sessions. The GBP/USD pair initially tried to rally during the course of Wednesday, but turned right back around to form a shooting star.
The S&P 500 broke higher during the day on Wednesday, as we have clearly moved above the 2110 level. The NASDAQ 100 had a slightly positive candle for the day, as we bounced around back and forth and simply could not get enough momentum to go in one direction or the other.
The West Texas Intermediate grade of crude oil broke out during the day on Wednesday, as we have certainly left the $50 region behind. The natural gas markets test of the $2.50 level during the day on Wednesday but failed.
The USD/JPY pair initially fell on Wednesday but found enough support near the recent lows to bounce a bit and form something akin to a hammer. The AUD/USD pair broke higher during the day on Wednesday, as we have approached the 0.75 handle.
Gold prices rose 1.66% on Wednesday to settle at their highest level since May 18 as the US dollar continued to weaken on growing expectations the Federal Reserve won't raise interest rates this summer.
Get the NZD/USD Forex signal for June 8, 2016 here.
Bonuses & Promotions
The EUR/USD pair went back and forth during the course of the session on Tuesday again, as we have simply sat still this week. The GBP/USD pair surged higher during the day on Tuesday, but then gave up about half of the gains.
The WTI Crude Oil market broke higher during the course of the session on Tuesday, clearing the $50 level. Natural gas markets initially fell during the day on Tuesday, but turned right back around to explode to the upside.
The USD/JPY pair initially tried to rally during the day on Tuesday, but we struggled as we approached the 108 level. The AUD/USD pair broke higher during the course of the session on Tuesday, getting above the 0.74 level.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 rose initially during the course of the session on Tuesday, but then turned right back around to form a shooting star. The NASDAQ 100 try to rally as well, but also produced a shooting star.
During the day on Tuesday, the gold markets initially fell during the session, but did bounce to show that the $1240 level continues to be quite a bit of support.
Get the AUD/USD Forex signal for June 8, 2016 here.