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 WTI Crude Oil market initially tried to rally on Tuesday but found the $50 level be far too resistive, and as a result we turn right back around to form a pretty negative looking shooting star.
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turned right back around to form a shooting star just as we did during the Monday session. The AUD/USD pair also formed a shooting star after initially trying to rally, but as you can see there’s quite a bit of resistance above.
The S&P 500 fell slightly during the day on Tuesday, as we reached a pretty significant resistance barrier in the form of the 2100 level. The NASDAQ 100 initially fell during the day as well, but did bounce enough to form a bit of a hammer.
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Get the USD/JPY Forex signal for June 1, 2016 here.
Get the USD/CAD Forex signal for June 1, 2016 here.
Get the USD/CHF Forex signal for June 1, 2016 here.
Get the GBP/USD Forex signal for June 1, 2016 here.
Get the EUR/USD Forex signal for June 1, 2016 here.
The EUR/USD pair has been falling during the entire month of May. However, I think that we have a little bit lower to go, perhaps reaching down towards the 1.10 level which was an area that had previously been resistive.
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The GBP/JPY pair rose during the course of the last several weeks, and has exploded above the 158 level which had been so resistive in the past.
The AUD/USD pair has drifted a bit lower during the course of the last several weeks, but I believe that we are more than likely going to see a bit of a bounce from here as we are probably oversold at this point in time.
The EUR/JPY pair has had a very bumpy last couple of months, and I don’t know that is going to change anytime soon.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/CAD pair has been one of the more interesting ones to pay attention to lately, because we have seen so much in the way of volatility when it comes to the crude oil markets.
Get the NZD/USD Forex signal for May 31, 2016 here.
Get the AUD/USD Forex signal for May 31, 2016 here.