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 USD/JPY pair broke down during the day on Tuesday, slicing through the 110 handle. The Australian dollar initially fell during the day on Tuesday, but found enough support at the 0.7450 level to turn around and break above the 0.75 handle.
The WTI Crude Oil market initially fell during the day on Tuesday, but found the $47 level to be supportive enough to turn the market back around.
The S&P 500 fell during the day on Tuesday, testing the 2425 level underneath. The NASDAQ 100 initially tried to rally during the day on Tuesday but then turned around and fell finally.
Get the USD/CAD Forex signal for June 7, 2017 here.
Get the USD/CHF Forex signal for June 7, 2017 here.
Get the EUR/USD Forex signal for June 7, 2017 here.
Get the GBP/USD Forex signal for June 7, 2017 here.
Gold prices rose $14.01 an ounce on Tuesday, hitting the highest level since November 9, as investors sought safety from tensions in the Middle East, upcoming British election and the European Central Bank policy meeting.
Asian markets continued searching for direction on Wednesday as traders awaited news expected on Thursday, including the European Central Bank review, results from the U.K. election and testimony from former FBI Director James Comey to the Senate.
Get the NZD/USD Forex signal for June 6, 2017 here.
Get the AUD/USD Forex signal for June 6, 2017 here.
Get the USD/JPY Forex signal for June 6, 2017 here.
The EUR/USD pair fell significantly during the day on Monday, but did find a bit of support underneath as the longer-term uptrend should continue. The British pound rallied during the session on Monday, breaking above the 1.29 level.
The WTI Crude Oil market had a very volatile session on Monday, as we initially broke above the $48 level, but turned around to show signs of exhaustion as we then broke below the $47 handle.
The S&P 500 was very quiet during the Monday trading session, as we continue to see bullish pressure, only this time in the form of the market being comfortable at high levels.
