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 WTI Crude Oil market rallied during the session on Wednesday, breaking above the top of the shooting star from Tuesday. Natural gas markets initially tried to rally during the day on Wednesday, but found the $3.10 level to be far too resistive.
The US dollar had a volatile session on Wednesday against the Japanese yen as we sliced below the 112 level. The Australian dollar continued its moved to the upside during the Wednesday trading session, reaching towards the 0.7950 level.
The S&P 500 broke to the upside during the day on Wednesday, clearing the top of the hammer that formed on Tuesday. The NASDAQ 100 broke to the upside during the day, slicing through the 5900 level.
Gold prices ended Wednesday’s session down $2.32 as the dollar recovered some of its recent losses ahead of announcements from the Bank of Japan and the European Central Bank.
Get the NZD/USD Forex signal for July 19, 2017 here.
Get the AUD/USD Forex signal for July 19, 2017 here.
The EUR/USD pair broke above the 1.15 handle finally, as we showed the market to be very bullish during the day on Tuesday. The British pound went back and forth during the day on Tuesday, as CPI numbers come out much lower than anticipated.
The US dollar has fallen a bit during the session on Tuesday, slamming into the 112 level. The Australian dollar broke higher during the day on Tuesday, reaching towards the 0.7925 level.
The WTI Crude Oil market initially shot much higher during the day on Tuesday but found enough resistance near the $47 level to turn around and form a shooting star.
The S&P 500 initially fell during the session on Tuesday, crashing into the 2450 handle. The NASDAQ 100 initially fell as well, but found enough support near the 5810 level to turn around and reach towards the 5900 level.
Get the USD/JPY Forex signal for July 19, 2017 here.
Get the USD/CAD Forex signal for July 19, 2017 here.
Get the USD/CHF Forex signal for July 19, 2017 here.
Get the GBP/USD Forex signal for July 19, 2017 here.
Get the EUR/USD Forex signal for July 19, 2017 here.
