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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Get the EUR/USD Forex signal for July 17, 2017 here.
Gold prices settled at $1228.82 an ounce on Friday, gaining 1.35% on the week, as the dollar fell after weaker-than-expected U.S. inflation data reduced the market’s expectations for a Federal Reserve interest rate hike by September.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for July 17, 2017.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 16, 2017.
Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of July 16, 2017 here.
The EUR/USD pair had a volatile session on Thursday, as we went back and forth. The British pound rallied during the day, reaching towards the 1.2940 level.
Gold prices ended Thursday’s session down $2.32 after Federal Reserve Chair Janet Yellen said she believed a recent slowdown in inflation won’t last.
The S&P 500 rallied slightly during the day on Thursday, testing the 2450 handle. The NASDAQ 100 struggle a bit during the day on Thursday as we went higher, but could not close above the 5800 level.
The US dollar had a volatile session on Thursday, as we continue to go back and forth just above the 113 level during the Janet Yellen congressional testimony.
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The WTI Crude Oil market rallied on Thursday, after initially dipping down towards the $45 level. Natural gas markets initially tried to rally, but found the area above the $3.00 level to be far too resistive.
The EUR/USD pair initially tried to reach at the 1.15 level, but failed. The British pound fell initially during the day but found enough support at the 1.28 level to turn around and rally.
The US dollar fell significantly against the Japanese yen during the Wednesday session as Janet Yellen spoke in front of Congress. The Australian dollar had a good session, reaching the 0.7675 handle.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 had a strong showing on Wednesday as the Congressional testimony of Janet Yellen assured traders that although there will be interest rate hikes in the near future.
The WTI Crude Oil market had a very volatile session during Wednesday, as currency markets were moved drastically by Janet Yellen’s comments for the Congressional members.
Get the NZD/USD Forex signal for July 13, 2017 here.