Gold ended the week down nearly 0.8% on rising equity prices and the stronger dollar. The American dollar got support from fresh economic data suggesting that the U.S. economy remains on a solid footing.
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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Gold settled up $15.03 at $1330.78 an ounce on Thursday, recouping most of the losses from the previous session, after the European Central Bank signaled it was ready and willing to ramp up stimulus to lift inflation and economic growth in coming months.
During the course of the day on Thursday, the New Zealand dollar did get a bit of a bounce after falling significantly on Wednesday.
The WTI Crude Oil market initially trying to rally on Thursday, but continues to find the $46 level resistive enough to turn things back around. The natural gas markets initially fell during the course of the day on Thursday, but turned right back around to form a bit of a hammer.
The USD/JPY pair fell significantly during the course of the day on Thursday, as we have broken down and turned around completely the bullish pressure that we had seen during the previous day. The AUD/USD pair broke higher during the day, attempting to get above the 0.75 handle.
The euro had a fairly volatile session against the US dollar during the Thursday trading hours, but as you can see the 1.10 level offered enough support to keep the market barely above it. The GBP/USD pair fell initially during the course of the day, turning back around to form a hammer.
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The S&P 500 fell during the day on Thursday, as we continue to grind at higher levels. The NASDAQ 100 had a slightly negative session on Thursday, but as you can see towards the end of the day did find value hunters.
Get the NZD/USD Forex signal for July 21, 2016 here.
Get the AUD/USD Forex signal for July 21, 2016 here.
Get the USD/JPY Forex signal for July 21, 2016 here.
Get the USD/CAD Forex signal for July 21, 2016 here.
Get the USD/CHF Forex signal for July 21, 2016 here.