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 USD/MXN pair has recently been selling off, just as we have seen happen against the US dollar against several other currencies.
The EUR/GBP pair has been on an absolute tear to the upside recently, and I think that’s part of what’s going to work against this pair during the month of April.
The USD/JPY pair has fallen quite a bit during the first part of the year, but quite frankly we are starting to reach fairly significant areas of support.
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Oil prices were collapsing earlier this year, but they’ve since rebounded nearly 60% from their February lows. Is the price going to keep rising?
The EUR/USD pair fell initially during the course of the day on Monday, but then turned right back around to form a hammer. The GBP/USD pair rose during the course of the session on Monday, but right now we are currently in the middle of the overall consolidation area that the market has been bouncing around in.
The WTI grade of oil initially tried to rally during the day on Monday, but turned right back around to slide through the $36 handle. Natural gas markets tried to rally during the day on Monday, but as you can see fell back below the $2 level by the time we were done.
The S&P 500 initially rose during the course of the day on Monday but found the 2080 handle to be a bit too resistive. The NASDAQ 100 did gap higher at the open on Monday, and then spent the rest the day falling.
The USD/JPY pair initially tried to rally during the course of the session on Monday, but turned back around to form a bit of a shooting star. The AUD/USD pair fell slightly during the course of the day on Monday, but we still have plenty of support just below.
Get the USD/CAD Forex signal for April 5, 2016 here.
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Get the USD/CHF Forex signal for April 5, 2016 here.
Get the GBP/USD Forex signal for April 5, 2016 here.
Get the EUR/USD Forex signal for April 5, 2016 here.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold settled slightly lower on Monday as investors continue to digest last week's strong employment data and the cautious tone of Fed Chair Janet Yellen over raising interest rates.
The EUR/USD pair went back and forth during the course of the day on Friday, in reaction to the nonfarm payroll numbers. The GBP/USD also fell during the day on Friday, in reaction to the jobs number.
The WTI Crude Oil market initially rallied during the day on Friday but fell significantly and ended up breaking below the $37 level. Natural gas went back and forth during the course of the day on Friday, forming a neutral candle as we continue to hover just below the $2 barrier.