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, testing the 112 level for support. The Australian dollar had a very bullish showing during the day on Wednesday, breaking above the top of the shooting star from the previous session.
The EUR/USD pair initially fell during the day on Wednesday, essentially due to the rumor going around that the ECB had been misunderstood with that statements the previous day. The British pound skyrocketed during the day, as the 1.28 level offered support and we then broke above the 1.29 level.
The S&P 500 rallied significantly during the day on Wednesday, reaching towards the 2440 handle. The NASDAQ 100 fell initially during the day but turned around to form a very bullish candle.
Gold inched higher on Wednesday as the dollar’s weakness persisted but a strong session for equities did limit buying interest.
Get the NZD/USD Forex signal for June 28, 2017 here.
Get the AUD/USD Forex signal for June 28, 2017 here.
Get the USD/JPY Forex signal for June 28, 2017 here.
The EUR/USD pair broke out to the upside during the day on Tuesday, slicing through the 1.13 level as ECB President Mario Draghi suggested that interest rates could be tightened sooner than the market thought.
The S&P 500 fell a bit during the day on Tuesday, as we continue to grind sideways. The NASDAQ 100 fell during the day on Tuesday, testing the massive uptrend line that we have seen since November of last year.
The WTI Crude Oil market had a positive session on Tuesday, as we continue to grind higher. Natural gas markets went sideways during the day on Tuesday, testing the $3.00 level.
The US dollar had a positive session during the day on Tuesday, breaking above the 112 level. The Australian dollar broke higher during the day, but turned right back around to form a bit of a shooting star.
Get the USD/CAD Forex signal for June 28, 2017 here.
Get the USD/CHF Forex signal for June 28, 2017 here.
Get the GBP/USD Forex signal for June 28, 2017 here.
Get the EUR/USD Forex signal for June 28, 2017 here.
