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.
Obviously, the S&P 500 didn’t do anything during the day on Monday as Americans and Canadians step away for the Labor Day holiday. The NASDAQ 100 fell initially during the course of the day on Friday, and obviously nothing happened on Monday due to the Labor Day holiday.
The US dollar fell against the Japanese yen during the session on Monday, but one thing you have to keep in mind is that the volume simply wasn’t there. The Australian dollar rally as well, but you can also see that we failed to hang onto most of the gains.
Get the NZD/USD Forex signal for September 5, 2016 here.
Get the AUD/USD Forex signal for September 5, 2016 here.
Get the USD/JPY Forex signal for September 5, 2016 here.
Get the USD/CAD Forex signal for September 5, 2016 here.
Get the USD/CHF Forex signal for September 5, 2016 here.
Get the GBP/USD Forex signal for September 5, 2016 here.
Get the EUR/USD Forex signal for September 5, 2016 here.
The EUR/USD pair broke higher during the course of the day on Friday, clearing the 1.12 level at one point. The British pound initially tried to rally during the course of the session on Friday, but turned right back around to form a shooting star which of course is a negative sign.
The WTI Crude Oil market bounced significantly off of the $43 level during the day on Friday, as of course that supportive area has offered quite a bit into the market. Natural gas markets went back and forth during the course of the session on Friday, as the $2.75 level below continues offer quite a bit of support.
The S&P 500 rallied during the course of the session on Friday, as we continue to see buyers every time this market drops. The NASDAQ 100 initially tried to rally during the course of the day on Friday in reaction to the less than anticipated jobs number.
The USD/JPY pair initially tried to rally during the course of the session but turned right back around to form a positive candle. The AUD/USD pair rallied during the course of the session on Friday, but gave back quite a bit of the gains in order to form a shooting star.
Gold prices settled at $1324.76 an ounce on Friday, scoring a gain of 0.34% on the week, as soft U.S. jobs data lured investors back into the market.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of September 5, 2016 here.
