Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 18, 2016.
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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Get our weekly Forex forecast focusing on major currency pairs for the week of July 18, 2016 here.
During the day on Thursday, the Australian dollar climbed rather drastically against the Japanese yen, slamming into the 81 handle.
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The EUR/USD pair initially rose during the day on Thursday, but pulled back yet again to form a bit of a shooting star. I still believe that we are essentially consolidating between the 1.12 level on the top, and the 1.10 handle on the bottom. The British pound initially tried to rally during the course of the day on Thursday, but turned right back around to form a rather negative move late in the day.
The USD/JPY pair broke higher during the course of the day on Thursday, finally getting above the 105 level. The Australian dollar continues to grind higher during the session on Thursday, and quite frankly that’s the key word here: grind.
The S&P 500 continue higher during the day on Thursday, as we see quite a bit of bullish pressure. The NASDAQ 100 broke out during the day on Thursday, but did pullback a little bit below the 4600 level.
The WTI Crude Well market rose slightly during the course of the session on Thursday, but quite frankly it wasn’t that impressive. Natural gas markets did very little during the day, essentially forming a neutral but slightly bearish candle.
Gold prices declined for the third time in four days as better than expected U.S. economic data and gains in equities curbed appetite for the metal.
Get the NZD/USD Forex signal for Thursday, July 14, 2016 here.
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Get the AUD/USD Forex signal for July 14, 2016 here.
Get the USD/JPY Forex signal for July 14, 2016 here
Get the USD/CAD Forex signal for July 14, 2016 here.
Get the USD/CHF Forex signal for July 14, 2016 here.
Get the GBP/USD Forex signal for July 14, 2016 here.
Get the EUR/USD Forex signal for July 14, 2016 here.