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 rallied during the day on Friday, as the jobs number was better than anticipated. The Australian dollar initially tried to rally during the day, but turned around at the 0.7625 level to turn around to form a bit of a shooting star.
The WTI Crude Oil market fell significantly during the day on Friday, as the US dollar strengthened a bit, but quite frankly continuation of bearish pressure is something that can be expected looking at the charts anyway.
The S&P 500 rallied on Friday, capturing all the losses that it had incurred during the Thursday session. The NASDAQ 100 of course rallied during the day but more importantly, we have formed a hammer on the weekly chart.
Get the USD/CHF Forex signal for July 10, 2017 here.
Get the USD/JPY Forex signal for July 10, 2017 here.
Get the USD/CAD Forex signal for July 10, 2017 here.
Get the GBP/USD Forex signal for July 10, 2017 here.
Get the EUR/USD Forex signal for July 10, 2017 here.
Gold prices settled at $1212.20 an ounce on Friday, suffering a loss of 2.36% on the week, as the dollar edged higher after the Labor Department reported that the economy added 222000 jobs in June, surpassing consensus estimates of 175000.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for July 10, 2017.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 10, 2017.
Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of July 10, 2017 here.
The EUR/USD pair rallied on Thursday as we continue to see strength in the Euro overall. The British pound rallied during the day on Thursday, as we bounced off the downtrend line during the previous session.
The S&P 500 fell a bit during the day on Thursday, reaching down towards the 2400 level. The NASDAQ 100 went sideways during the session on Thursday, as we await the Nonfarm Payroll Numbers.
The US dollar went back and forth during the day on Thursday, as we continue to bounce off of the 113 handle. The Australian dollar fell a bit during the day on Thursday, but sees quite a bit of support underneath, especially near the 0.7550 level.
