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 WTI Crude Oil market initially fell on Monday, but found buyers below to turn things around and closed towards the top of the range. The natural gas markets tried to rally during the day on Monday, but turned around to form a shooting star.
The US dollar exploded to the upside during the Monday session, breaking above the 113 handle. The Australian dollar had a slightly negative session on Monday, after breaking down below the bottom of the shooting star from Friday.
The S&P 500 rallied during the Monday session, but will be closed during the session today. The NASDAQ 100 tried to rally initially during the day but turned around to form a negative candle.
Get the USD/CAD Forex signal for July 4, 2017 here.
Get the USD/CHF Forex signal for July 4, 2017 here.
Get the GBP/USD Forex signal for July 4, 2017 here.
Get the EUR/USD Forex signal for July 4, 2017 here.
Gold prices dropped nearly 1.8% on Monday to settle at their lowest level since May 10 as the dollar firmed after stronger-than-expected manufacturing data bolstered confidence in the US economy.
Get the NZD/USD Forex signal for July 3, 2017 here.
Get the AUD/USD Forex signal for July 3, 2017 here.
The EUR/USD pair has been impulsive of the last several sessions, but we turned around to form a slightly negative candle. The GBP/USD pair tried to rally during the day on Friday, breaking above the 1.30 level.
The S&P 500 went back and forth during the day on Friday, as traders were probably focusing more on the upcoming Independence Day holiday. Now if the S&P 500 looks a little shaky, the NASDAQ 100 is even worse.
The US dollar rallied after initially dipping below the 112 level against the Japanese yen on Friday. The Australian dollar initially tried to rally during the session on Friday, but turned right back around at the 0.77 level, to form a shooting star.
The WTI Crude Oil market broke above the $45 level during the day on Friday, testing the top of the shooting star from Thursday.
Get the USD/JPY Forex signal for July 3, 2017 here.
