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 US dollar initially fell against the Japanese yen, as we continue to see bearish pressure, but there is a gap that has now been filled from a couple of months ago, and the market has gone to test the 200-exponential moving average.
The S&P 500 was volatile during the session on Thursday, as we had congressional hearings, the UK election, and of course the ECB press conference.
Gold prices fell 0.7% yesterday, extending their losses to a second straight session, as renewed strength in the U.S. dollar dampened demand for the precious metal.
Get the NZD/USD Forex signal for June 8, 2017 here.
Get the AUD/USD Forex signal for June 8, 2017 here.
Get the USD/JPY Forex signal for June 8, 2017 here.
The Euro initially fell during the trading session on Wednesday, and then bounced again, only to fall again and then bounced yet again.
The WTI Crude Oil market fell apart during the session on Wednesday, slicing through the $47 level handily after the Crude Oil Inventories announcement.
The US dollar rallied a bit against the Japanese yen after initially falling on Wednesday, but continues to find the 110 level to be important. The Australian dollar rallied significantly during the day on Wednesday as the GDP numbers out of Australia came out stronger than anticipated.
The S&P 500 had a volatile session on Wednesday, reaching down to the 2425 handle. The NASDAQ 100 also fell during the day initially, but found enough support at the 5850 level.
Get the USD/CAD Forex signal for June 8, 2017 here.
Get the USD/CHF Forex signal for June 8, 2017 here.
Get the GBP/USD Forex signal for June 8, 2017 here.
Get the EUR/USD Forex signal for June 8, 2017 here.
Gold prices ended Wednesday’s session down 0.6%, or $7.74, to settle at $1286.66 an ounce as investors took profits from a recent rally that pushed the market to the highest level in seven months.
