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 S&P 500 initially fell during the course of the day on Thursday, but we found buying pressure underneath and we ended up forming a hammer as a result. The NASDAQ 100 did very much the same thing, dipping below the 4480 level and finding support.
The USD/JPY pair fell initially during the day on Thursday, but found enough support just above the 109 level to bounce and form a bit of a hammer. The AUD/USD pair initially tried to fall during the day on Thursday, but turned right back around to form a positive candle.
The EUR/CAD pair initially fell during the day on Thursday, breaking well below the 1.45 level.
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Get the NZD/USD Forex signal for May 26, 2016 here.
Get the AUD/USD Forex signal for May 26, 2016 here.
Get the USD/JPY Forex signal for May 26, 2016 here.
The Euro had a slightly positive session during the day on Wednesday, as the market continues to grind away in general. Over in the British pound, we had a positive session as we broke above the 1.47 level.
The S&P 500 had a positive session during the day on Wednesday as we continue to see the buyers take over. The NASDAQ 100 rose as well, although it had shown quite a bit of bullishness the previous session.
The USD/JPY pair went back and forth during the course of the day on Wednesday, as we continue to meander around the 110 level. The AUD/USD pair had a fairly neutral day as well, but unlike the USD/JPY pair there are potential longer-term signals in play.
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The WTI Crude Oil market initially fell during the day on Wednesday, but you can see turned right back around during the US session to show bullishness as we ended up forming a hammer at the top of this move higher. Natural gas markets initially tried to rally during the day on Wednesday, but turned right back around just below the $2.00 level.
The USD/CAD pair fell during the day on Wednesday, as we approached and failed out the 200 day exponential moving average, denoted by the red line on my chart.
Check out the Forex signal for the USD/CAD pair for May 26, 2016 here.
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