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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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The EUR/USD pair did very little during the day on Tuesday as Americans would have been gone for Independence Day holiday celebrations.
The US dollar initially fell against the Japanese yen on Tuesday, but found enough support near the 112.50 level to turn things around and form a hammer like candle.
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The S&P 500 initially tried to rally during the session on Tuesday, but gave back most of the gains in the CFD markets. The NASDAQ 100 gapped lower in the CFD markets, but turned around to find the market reaching towards the top of the gap.
The WTI Crude Oil market did very little during the session on Tuesday, as the Americans would have been away for Independence Day celebrations.
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Gold edged higher on Tuesday as investors awaited Federal Reserve minutes of its June meeting.
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The EUR/USD pair fell on Monday, retreating from the 1.1450 level. The British pound fell as well, as the 1.30 level has offered resistance.