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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
Gold prices rose yesterday, edging further away from a 4-month low struck earlier this week, as the dollar weakened ahead of an appearance by Federal Reserve chair Janet Yellen in front of a congressional committee.
The US dollar rallied against the Japanese yen during most of the session, but turned around to form a bit of shooting star. The Australian dollar rallied during the day, breaking above the 0.7625 level, which is an area where we have seen a lot of resistance.
The WTI Crude Oil market initially fell during the day on Tuesday, but turned around to form a very bullish sign. Natural gas markets rallied during the day, breaking above the $3.00 level.
The S&P 500 fell rather dramatically during the day on Tuesday, as word got out that Donald Trump Junior had to release emails involving Russia.
Get the NZD/USD Forex signal for July 11, 2017 here.
Get the AUD/USD Forex signal for July 11, 2017 here.
The EUR/USD pair did very little during Monday trading, as we continue to bounce around the 1.14 level. The British pound went back and forth during the day on Monday, as we are sitting just below the 1.29 level.
The US dollar rallied a bit during the day on Monday, but continues to find resistance just above. The Australian dollar did almost nothing during the day on Monday, as we continue to see a lot of volatility in a market that is going back and forth in a 20-point range overall.
The WTI Crude Oil market was choppy on Monday, as we tried to rally but found it too much in the way of resistance near the $45 level. Natural gas markets of course are choppy as well, and they did rally during the day.
The S&P 500 initially fell on Monday, but found enough support underneath to bounce and reach towards the 2430 level. The NASDAQ 100 rallied on Monday, testing the 5700 level.
Get the USD/JPY Forex signal for July 11, 2017 here.
Get the USD/CAD Forex signal for July 11, 2017 here.
Get the USD/CHF Forex signal for July 11, 2017 here.
Get the GBP/USD Forex signal for July 11, 2017 here.
Get the EUR/USD Forex signal for July 11, 2017 here.