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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Bitcoin rallied a bit during the trading session on Monday to kick off the week in a bullish fashion.
The US dollar initially rallied to open up the week after gapping lower against the Japanese yen.
The WTI Crude Oil market fell apart during trading on Monday, losing over 3% and breaking cleanly below the 50 EMA.
The S&P 500 had a slightly negative session during most of the day on Monday, as we continue to hover around the 2800 level.
Gold prices ended Monday nearly unchanged after a quiet session as investors awaited Federal Reserve Chairman Jerome Powell’s testimony to the Senate.
Get the NZD/USD Forex signal for July 16, 2018 here.
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The Euro fell initially during the trading session on Friday, reaching down to the 1.16 level before turning around and bouncing significantly.
The WTI Crude Oil market rallied on Friday, gaining 0.5% by the time the Americans were ready to call it a day.