Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 28, 2016.
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 Kiwi dollar failed to break out during the day, as we continue to press the 0.73 level.
The euro had a slightly positive session during the day on Thursday, but did get back about half of the gains towards the end of trading. The British pound fell during the day, as we have recently seen time and time again.
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The US dollar fell again against the Mexican peso during the session on Thursday as the 18.50 level offers quite a bit of resistance.
The WTI market rose during the course of the day on Thursday, but as you can see we ran into quite a bit of volatility. Natural gas markets initially fell during the day on Thursday but found the $2.75 level to be supportive enough to turn things back around and throw the market towards the $2.85 level.
The S&P 500 initially fell during the day on Thursday, but found support yet again as we bounced and formed a bit of a hammer. The NASDAQ 100 did very much same thing during the day, initially falling the turning around to form a positive hammer.
Get the NZD/USD Forex signal for August 25, 2016 here.
Get the AUD/USD Forex signal for August 25, 2016 here.
Get the USD/JPY Forex signal for August 25, 2016 here.
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Get the USD/CAD Forex signal for August 25, 2016 here.
Get the USD/CHF Forex signal for August 25, 2016 here.
Get the GBP/USD Forex signal for August 25, 2016 here.
Get the EUR/USD Forex signal for August 25, 2016 here.
The Euro fell significantly during the course of the session on Wednesday, as we continue to see quite a bit of volatility. The GBP/USD pair went back and forth during the course of the session on Wednesday, forming a bit of a neutral candle.
The WTI Crude Oil markets fell during the course of the day on Wednesday, reaching towards the $46 level. Natural gas markets rally during the course of the day on Wednesday, breaking above the $2.75 level for the first time in weeks.