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 broke higher during the course of the day on Tuesday, clearing the top of the shooting star from the Monday session so therefore it looks as if we are going to go higher as the market will has broken above a pretty significant resistance barrier. The NASDAQ 100 rose during the course of the day but we are starting to reach towards the 4600 level, as we have continued to see buying pressure.
The WTI Crude Oil market rose during the course of the day on Tuesday, breaking back above the $46 level. Natural gas markets bounced off of the $2.70 level, an area that has been supportive in the past.
The US dollar skyrocketing against the Japanese yen on Friday, breaking towards the 105 level. This is an area that we have quite a bit of resistance that, due to the fact that a couple of weeks ago we had seen some type of resistance. The New Zealand dollar broke higher during the course of the day on Tuesday as well, breaking to a fresh, new high during the day.
Get the NZD/USD Forex signal for July 12, 2016 here.
Get the AUD/USD Forex signal for July 12, 2016 here.
Get the USD/JPY Forex signal for July 12, 2016 here.
Get the USD/CAD Forex signal for July 12, 2016 here.
Get the USD/CHF Forex Signal for July 12, 2016 here.
Get the GBP/USD Forex signal for July 12, 2016 here.
Get the EUR/USD Forex signal for July 12, 2016
During the day on Monday, the GBP/CHF pair initially fell during the course of the session but as you can see we turn right back around to form a bit of a hammer.
The EUR/USD pair had a volatile session on Monday, initially falling but turned back around to form a bit of a hammer. The GBP/USD pair fell initially during the course of the session on Monday, but turned around to form a hammer.
The USD/JPY pair rallied during the course of the session on Monday, as the Japanese can’t the chance to react to the very strong jobs number on Friday. The New Zealand dollar fell significantly during the course of the session on Monday, testing the 0.72 level.
The WTI Crude oil market initially bounced during the day on Monday, but found quite a bit of resistance at the $46 level, which had been so supportive previously and what I have drawn as a bit of a descending triangle. The natural gas markets initially tried to rally on Monday but turned rain back around to break down and reach towards the $2.70 level.
The S&P 500 rose during the day on Monday, as traders came back and reacted to the jobs number further from Friday. The NASDAQ 100 rose as well, clearing a significant barrier at the 4500 level.
