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 British pound incurred broad losses earlier this week and there were strong indications, that the breadth and depth of its declines resulted from an apparently successful attempt by the Swiss National Bank to defend the Swiss Franc from a strong US dollar.
Despite the announcement of a stronger-than-expected contraction of the US economy, forex traders ignored the statement and continued to react to the collapse of the Japanese yen rate in the exchange market.
Throughout this week’s trading, bulls’ attempts to push the price of an ounce of gold to the top failed, as gold gains did not exceed the resistance level of $ 1841 an ounce.
The Dow Jones Industrial Average rose slightly during its recent trading at the intraday levels, to achieve gains in its last sessions by 0.27%, to gain about 82.32 points.
Spot natural gas prices (CFDS ON NATURAL GAS) increased in their recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 1.34%.
The Turkish lira's movements have stabilized after strong movements since the end of last week, as government decisions were issued aimed at preventing lending to Turkish companies that have a certain amount of cash, which is equivalent to 15 million liras.
The NASDAQ 100 continued to struggle yet again in the month of June, and it’s very likely that July will show a bit of the same.
The S&P 500 continues to drift lower over the last several weeks as we start to look at the month of July.
The West Texas Intermediate Crude Oil market has been bullish for some time, but that does not necessarily mean that it has gone straight up in the air.
The USD/JPY has created a rather intriguing speculative landscape the past month via a rather incredible rocket launch higher.
Speculative traders of DOGE/USD took the cryptocurrency to above 7 and three quarter cents on the 27th of June, since then Dogecoin has lost value.
Speculators who are keeping their eye on SOL/USD, as of this morning will notice the cryptocurrency is hovering near important support levels, which if broken could develop into faster selling.
The best opportunity is likely to be long from supportive confluence.
Ethereum fell again on Wednesday as the market is now threatening the $1100 level again.
The EOS market initially tried to rally a bit on Wednesday, but it continues to see a lot of resistance near the $1.00 level.
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