Get the EUR/USD Forex signal for July 12, 2016
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.
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During the day on Monday, the GBP/CHF pair initially fell during the course of the session but as you can see we turn right back around to form a bit of a hammer.
The EUR/USD pair had a volatile session on Monday, initially falling but turned back around to form a bit of a hammer. The GBP/USD pair fell initially during the course of the session on Monday, but turned around to form a hammer.
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The USD/JPY pair rallied during the course of the session on Monday, as the Japanese can’t the chance to react to the very strong jobs number on Friday. The New Zealand dollar fell significantly during the course of the session on Monday, testing the 0.72 level.
The WTI Crude oil market initially bounced during the day on Monday, but found quite a bit of resistance at the $46 level, which had been so supportive previously and what I have drawn as a bit of a descending triangle. The natural gas markets initially tried to rally on Monday but turned rain back around to break down and reach towards the $2.70 level.
The S&P 500 rose during the day on Monday, as traders came back and reacted to the jobs number further from Friday. The NASDAQ 100 rose as well, clearing a significant barrier at the 4500 level.
The silver markets initially fell during the day on Friday, as the jobs numbers came out much stronger than anticipated.
The EUR/USD pair went back and forth during the course of the day on Friday in reaction to the much stronger than anticipated jobs number in America. The British pound rallied during the day on Friday, in reaction to the better than anticipated jobs number.
The USD/JPY pair went back and forth during the course of the session on Friday, as the Nonfarm Payroll Numbers cause quite a bit of volatility as they typically do. The New Zealand dollar had a very good day as we initially fell but then turn right back around to break out to a fresh, new high.
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The WTI Crude Oil market had a very volatile session on Friday, trying to break above the $46 level, which was previously supportive at the bottom of the descending triangle.
The S&P 500 took off to the upside during the course of the session on Friday in reaction to the stronger than anticipated jobs number. The NASDAQ 100 and took off to the upside as well, and in fact made a “higher high” finally, and as a result it looks like the NASDAQ 100 should continue to go even higher as we closed so close to the top of the range for the day.
Get the NZD/USD Forex signal for July 11, 2016 here.
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Get the USD/CAD Forex signal for July 11, 2016 here.