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 initially tried to rally during the day on Friday but found enough resistance at the $47 level. Natural gas markets slicing through the $3.00 level during the day suggests to me that we are ready to go back towards the bottom of the recent consolidation which I see as the $2.85 level.
The S&P 500 has initially tried to rally during the session on Friday, but fell significantly to reach towards the 2460 level. The NASDAQ 100 has pulled back during the day on Friday but turned around to form a hammer as well.
Get the AUD/USD Forex signal for July 24, 2017 here.
Get the USD/JPY Forex signal for July 24, 2017 here.
Get the USD/CAD Forex signal for July 24, 2017 here.
Get the GBP/USD Forex signal for July 24, 2017 here.
Get the EUR/USD Forex signal for July 24, 2017 here.
Gold prices settled at $1254.70 an ounce on Friday, gaining 2.07% on the week, as recent volatility in global equity markets and new worries about U.S. politics lent support to the precious metal.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for July 24, 2017.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 23, 2017.
Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of July 23, 2017 here.
The EUR/JPY pair respected the support level at 128.50 for many sessions lately, which supports continuing the upward momentum, the pullback was only due to profit taking.
Friday is the third bearish session of the USD/JPY settling below 112.00 level, with the negative affect on the USD from Trump policies.
Like the case in the previous technical analysis, we still expect that any gains for the pound will be a new sell opportunity.
As expected earlier any gains of the GBP will be a selling opportunity, because the British economic sectors are producing unstable results and always affecting negatively, in addition to the renewed fears of a hard BREXIT.
