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 rose against the Japanese yen during the day on Thursday, breaking above the 110 level again. The Australian dollar initially tried to take off to the upside during the day on Thursday, as we continue to see volatility, but the market turned around to form a shooting star.
The NASDAQ 100 fell again during the day on Thursday but also on Thursday found enough support underneath the 5700 level to turn things around to form a nice-looking hammer on the daily chart.
Gold prices fell $6.75 an ounce yesterday, extending losses from Wednesday’s session, and touched the lowest level in nearly four weeks on technical selling and as the dollar continued to appreciate.
Get the NZD/USD Forex signal for June 15, 2017 here.
Get the AUD/USD Forex signal for June 15, 2017 here.
Get the USD/JPY Forex signal for June 15, 2017 here.
The EUR/USD pair initially rallied during the day on Wednesday but found enough resistance of the 1.13 level to turn around and form a massive shooting star. The British pound initially tried to rally and even broke above the 1.28 handle at one point during the day.
The USD/JPY pair initially fell during the day on Wednesday, but found enough pressure underneath to turn around and form a bit of a hammer. The Australian dollar broke out to the upside, slicing through the 0.7550 level.
The S&P 500 went back and forth during the day on Wednesday, as the markets try to position themselves due to the Federal Reserve announcement. I find the NASDAQ 100 interesting at the moment, because we continue to find the support at the 5700 level.
The WTI Crude Oil market initially tried to rally during the day on Wednesday, but cratered and broke below the $45 level. The natural gas markets initially tried to rally during the day on Monday, but ultimately the three dollars level above continues to be resistive.
Get the USD/CAD Forex signal for June 15, 2017 here.
Get the USD/CHF Forex signal for June 15, 2017 here.
Get the GBP/USD Forex signal for June 15, 2017 here.
Get the EUR/USD Forex signal for June 15, 2017 here.
Gold prices ended Wednesday’s session down $5.24 an ounce as the dollar climbed in the wake of an FOMC statement and Fed Chair Janet Yellen’s press conference.
