Check out the USD/CHF Forex signal for July 18, 2017 here.
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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The EUR/USD pair initially fell on Monday, but found enough support to turn around and form a hammer. The GBP/USD pair broke out to the upside on Monday, slicing through the 1.30 level.
The S&P 500 rallied during the day on Monday, but then pulled back to do almost nothing. The NASDAQ 100 initially tried to rally during the session on Monday, but turned around to form a shooting star.
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The WTI Crude Oil market rallied at the beginning of the session on Monday, but found the area near the $47 level to be far too resistive. The natural gas markets initially tried to rally on Monday, but as you can see the 50-day exponential moving average formed a shooting star.
The US dollar initially tried to rally on Monday, but struggled just below the 113 handle. The Australian dollar as you can see initially tried to rally during the day on Monday, but fell backwards as it appears that the market will have to build up momentum to continue going higher.
Get the USD/JPY Forex signal for July 18, 2017 here.
Get the USD/CAD Forex signal for July 18, 2017 here.
Get the GBP/USD Forex signal for July 18, 2017 here.
Get the EUR/USD Forex signal for July 18, 2017 here.
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Gold prices ended Monday’s session up 0.4% at $1233.76 an ounce on growing perception that the U.S. central bank may be less willing to lift borrowing costs for a third time this year.
Get the NZD/USD Forex signal for July 17, 2017 here.
Get the AUD/USD Forex signal for July 17, 2017 here.
Get the USD/CHF Forex signal for July 17, 2017 here.
The EUR/USD pair rallied again on Friday, but still has not broken out. The British pound finally broke above the 1.3050 level, and it now looks as if we are ready to go towards the top of the other consolidation area just above, which is a sign that we should go to the 1.3450 level.
The WTI Crude Oil market initially fell during the day on Friday, but turned around to break above the $46.50 level. Natural gas is a market that I am extraordinarily bearish on, as you can see that the 50-day exponential moving average has continue to offer resistance.