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 S&P 500 did very little during the course of the session on Monday, but it did settle on a slightly positive candle. The NASDAQ 100 of course broke out during the course of the day on Monday, clearing the top of a couple of shooting stars.
Gold prices fell $4.19 an ounce yesterday as investors shook off geopolitical concerns generated by a failed military coup in Turkey.
Get the NZD/USD Forex signal for July 18, 2016 here.
Get the AUD/USD Forex signal for July 18, 2016 here.
Get the USD/JPY Forex signal for July 18, 2016 here.
Get the USD/CAD Forex signal for July 18, 2016 here.
Get the USD/CHF Forex signal for July 18, 2016 here.
Get the GBP/USD Forex signal for July 18, 2016 here.
Get the EUR/USD Forex signal for July 18, 2016 here.
The EUR/USD pair initially tried to rally on Friday, but turned right back around as we continue to see selling pressure above. The British pound initially tried to rally on Friday but found the 1.35 level be far too resistive again and then sold off somewhat stringently.
The WTI Crude Oil market initially fell slightly during the day on Friday, but found the $45 level be supportive enough to turn things back around. The natural gas markets fell slightly during the course of the day on Friday, but turned right back around as the $2.70 level formed a hammer.
The S&P 500 rallied during the course of the session on Friday, but just like on Thursday ended up falling and forming a bit of a shooting star. The NASDAQ 100 broke higher during the day again on Friday, but just like on Thursday we ended up struggling above the 4600 level.
The dollar rose well above the 105 level against the Japanese yen during the day on Friday, but as you can see turned right back around to form a shooting star. The AUD/USD pair initially rallied during the day on Friday but turned back around to form a rather negative looking candle.
Gold prices settled at $1337.73 an ounce on Friday, falling nearly 2.3% over the course of the week, as strength in the dollar and calmer financial markets dulled the precious metal's attractiveness.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of July 18, 2016 here.
