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
Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of July 10, 2017 here.
The EUR/USD pair rallied on Thursday as we continue to see strength in the Euro overall. The British pound rallied during the day on Thursday, as we bounced off the downtrend line during the previous session.
The S&P 500 fell a bit during the day on Thursday, reaching down towards the 2400 level. The NASDAQ 100 went sideways during the session on Thursday, as we await the Nonfarm Payroll Numbers.
The US dollar went back and forth during the day on Thursday, as we continue to bounce off of the 113 handle. The Australian dollar fell a bit during the day on Thursday, but sees quite a bit of support underneath, especially near the 0.7550 level.
The WTI Crude Oil market initially tried to rally during the session on Thursday, as we had a stronger than anticipated withdrawal of crude oil inventory announced.
Get the NZD/USD Forex signal for July 6, 2017 here.
Get the AUD/USD Forex signal for July 6, 2017 here.
Get the USD/JPY Forex signal for July 6, 2017 here.
Get the USD/CHF Forex signal for July 6, 2017 here.
Get the USD/CAD Forex signal for July 6, 2017 here.
Get the GBP/USD Forex signal for July 6, 2017 here.
Get the EUR/USD Forex signal for July 6, 2017 here.
The EUR/USD pair had a volatile session on Wednesday, as we awaited the FOMC Meeting Minutes. The British pound went back and forth during the session as well, but found enough support at the 1.29 level to turn around and form a bit of a hammer.
The WTI Crude Oil market fell apart during the session on Wednesday as the Russians say they are not willing to cut production. The natural gas market initially tried to rally, testing the $3.00 level.
The S&P 500 was very volatile on Wednesday as the Federal Reserve release the Meeting Minutes, which essentially set everything that the market new.