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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Forex Technical Analysis
The EUR/GBP pair is a very interesting pair to pay attention to at the moment. There are a lot of different things moving it back and forth, and it is of course the epicenter of all things currency related when it comes to the so-called “Brexit.”
Gold prices settled at $1342.19 an ounce on Friday, rising 8.8% on the month and 7.25% over the quarter.
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Lately, I’ve been speaking about silver quite a bit. After all, it is one of the better performing markets that I follow, and we have finally broken above the $18 level which was a massive resistance barrier.
The EUR/USD pair initially tried to rally during the course of the session on Thursday, but found the previous uptrend line to be a bit resistive so then we fell rather significantly. The GBP/USD pair fell significantly during the course of the day on Thursday, but did bounce a little bit towards the end of the day.
Initially, the S&P 500 fell during the day on Thursday, but we found enough support to continue going higher. The NASDAQ 100 initially fell during the course of the session on Thursday but turned right back around to form a fairly positive looking hammer.
The USD/JPY pair initially fell during the day on Thursday, but turn right back around to form a bit of a hammer. The Australian dollar had a wild day as we initially fell fairly significantly during the day, but we turn right back around to form a massive hammer.
The WTI Crude Oil markets fell a bit during the day on Thursday, as the $50 level continues to be fairly resistive. The natural gas markets rose during the day despite the fact that there was a massive shooting star during the Wednesday session.
Gold prices advanced for a second straight session on Thursday and settled at $1321.81 an ounce. The XAU/USD pair initially pulled back towards the $1312 level but found enough support there climbed back above the $1320 resistance level.
Gold markets have been very bullish over the last couple of weeks, as the United Kingdom voted to leave the European Union. That being the case, there is quite a bit of concern when it comes down to the economic markets, and the list to say the currency markets.
The EUR/USD pair has been the epicenter of a lot of noise lately, with the United Kingdom voting itself out of the European Union. Needless to say that cause quite a bit of volatility towards the end of the month, and as a result I believe that this market will continue to be the epicenter of a lot of noise.
The WTI Oil market has been relatively volatile over the last month, as we have traded in a fairly tight range
The United Kingdom voted to leave the European Union as you all know now, and this of course had a very disastrous effect on the British pound.