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 Swedish krona has been getting sold off for quite some time now, as it is considered to be a “risky currency.” After all, the US dollar continues to gain strength due to the fact of the safe haven status that it enjoys, and of course the Swedes are very much exposed to the European Union situation.
The EUR/USD pair fell significantly during the course of the day on Tuesday, testing the bottom of the recent consolidation area. The GBP/USD pair fell significantly during the course of the session on Tuesday, breaking down and reaching towards the 1.30 level below.
The S&P 500 fell during the course of the day, but bounced slightly to form a bit of a hammer. The NASDAQ 100 fell slightly during the course of the session on Tuesday, breaking down below the 4600 level.
The WTI Crude Oil market initially tried to rally during the day on Tuesday, but turn right back around for a bit of a shooting star. Natural gas markets initially tried to rally during the course of the day as we broke above the $2.75 level, but we turn right back around to form a bit of a shooting star.
The USD/JPY pair went back and forth during the course of the day on Tuesday, as we have shown quite a bit of neutrality during the day. The NZD/USD pair fell slightly during the course of the session on Tuesday, testing the 0.70 level.
Get the NZD/USD Forex signal for July 19, 2016 here.
Get the AUD/USD Forex signal for July 19, 2016 here.
Get the USD/JPY Forex signal for July 19, 2016 here.
Get the USD/CAD Forex Signal for July 19, 2016 here.
Get the USD/CHF Forex signal for July 19, 2016 here.
Get the GBP/USD Forex signal for July 19, 2016 here.
Get the EUR/USD Forex signal for July 19, 2016 here.
The EUR/USD pair had a slightly positive day during the session on Monday, but quite frankly this is a market that looks like it is struggling for some type of direction now. The British pound had a slightly positive session on Monday, but at the end of the day we ended up giving back some of the gains.
The USD/JPY pair broke higher during the course of the session here on Monday, testing the top of the shooting star from the Friday session. The NZD/USD pair bounced slightly during the course the day on Monday, but at the end of the day I am a bit leery of buying this pair because we are not near the bottom support level.
The WTI Crude Oil markets fell slightly during the course of the day on Monday, as we continue to respect the bottom of the previous descending triangle. The natural gas markets fell during the course of the day on Monday, testing support that we’ve seen at the $2.70 level.
