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 GBP/USD pair was not able to celebrate its strong gains after the announcement of a landslide victory for the Conservative Party led by Boris Johnson, which pushed it towards the 1.3514 resistance,
For the fourth consecutive day, gold prices stabilized around and above the $1500 psychological resistance level, with gains that extended to $1515
Despite the decline of the US dollar against most other major currencies during the past week's trading, the USD/JPY pair has maintained its upward momentum
The West Texas Intermediate Crude Oil market did almost nothing during the day on Friday, as the markets have gotten a bit overextended.
Natural gas markets initially fell during the trading session on Friday to pierce the $2.20 level.
The Euro has exploded to the upside during the trading session on Friday, slicing through the 200 day EMA and even reaching towards the 1.12 level.
The US dollar has fallen a bit during the trading session on Friday, showing signs of weakness for the short term, but when you look at the daily chart you can see that we are clearly testing the ¥109.50 level for a bit of “balance.”
The British pound has rallied significantly during the trading session on Friday, to break back above the crucial 1.30 level.
The Australian dollar rallied a bit during the trading session on Friday, getting about 40 pips.
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AUDUSD: Very bullish but round number ahead at 0.7000
The S&P 500 rallied a bit during the trading session on Friday, but then gave back the gains as we have gotten a bit of an overextension.
The NASDAQ 100 rallied a bit during the trading session on Friday, to finish the week testing the 8800 level.
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USDJPY: Bearish below 108.96
Bitcoin is very unlikely to do much during the remainder of the year, as we continue to hang around the $7200 level.