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.
The USD/JPY initially tried to rally during the course of the session on Thursday, but found the area close to the 105 level would be a bit too rich for the buyers. The Australian dollar fell during the day on Thursday, and rather significantly.
The S&P 500 initially had a very tough day on Thursday, testing the 2120 level, and even breaking down below there at one point in time. The NASDAQ 100 of course did very much the same thing as the S&P 500 did, finding support of the 4760 level.
The WTI Crude Oil market initially fell on Thursday, dropping near the $49.25 level. The natural gas markets initially fell on Thursday as well, but found enough support near the $3.12 handled the turn things back rent shoot straight up into the air.
The Euro initially fell during the day on Thursday, but turned right back around to show signs of support as we bounced enough to break towards the 1.105080. The British pound initially fell on Thursday but bounced enough to form a bit of a hammer as we continue to see buying pressure appear.
Get the NZD/USD Forex signal for October 13, 2016 here.
Get the AUD/USD Forex signal for October 13, 2016 here.
Get the USD/JPY Forex signal for October 13, 2016 here.
Get the USD/CAD Forex signal for October 13, 2016 here.
Get the USD/CHF Forex signal for October 13, 2016 here.
Get the GBP/USD Forex signal for October 13, 2016 here.
Get the EUR/USD Forex signal for October 13, 2016 here.
The Euro fell during the course of the day on Wednesday, testing the 1.10 level below. The GBP/USD pair went back and forth during the course of the session, forming a hammer like candle.
The USD/JPY pair rallied during the course of the session on Wednesday, as we continue to see quite a bit of bullish pressure. The Australian dollar went back and forth during the course of the session on Wednesday, showing signs of exhaustion but more of a grind than anything else.
The WTI Crude Oil market initially tried to rally during the day on Wednesday, but pullback in order to test the $50 level for support. Natural gas markets had a slightly negative session during the day on Wednesday, as we have gotten a bit overextended.
The S&P 500 went back and forth during the day on Wednesday, as we continue to find support just below. The NASDAQ 100 went back and forth during the course of the session on Wednesday, as we bounced off of the 4800 level below.
