Get the weekly forecast for the major Forex currency pairs for the week of July 11, 2016 here.
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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The USD/JPY pair fell a bit during the course of the day here on Thursday, but as you can see is still well within the hammer from the Wednesday session. The Australian dollar initially tried to rally during the day on Thursday, but turned right back around to form a relatively negative candle.
The EUR/USD pair fell slightly during the course of the session on Thursday as we continue to meander around current levels. The GBP/USD pair initially tried to rally during the course of the session on Thursday but found the area above the 1.30 level to be a bit too resistive.
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The WTI Crude Oil market had a very negative session during the day on Thursday, as we broke down through the $46 level.
The S&P 500 initially tried to rally during the course of the day on Thursday, but found the area above 2100 to be a bit too resistive.
Gold prices ended slightly lower Thursday, ending a six-day streak of gains, as the dollar strengthened on the back of the stronger-than-expected U.S. data.
Get the NZD/USD Forex signal for July 7, 2016 here.
Get the USD/JPY Forex signal for July 7, 2016 here.
Get the AUD/USD Forex signal for July 7 2016 here.
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Get the USD/CAD Forex signal for July 7, 2016 here.
Get the USD/CHF Forex signal for July 7, 2016 here.
Get the GBP/USD Forex signal for July 7, 2016 here.
Get the EUR/USD Forex signal for July 7, 2016 here.
Gold prices rose $7.72 an ounce on Wednesday, up for the sixth straight session to $1355.60, as investors looked for a safe investment amid continued fallout from Britain's vote to quit the European Union.
The EUR/GBP pair initially tried to rally during the course of the day on Wednesday, but turned right back around to form a massive shooting star. The markets are a bit parabolic at this point in time, so therefore it is easy to think that we are overbought.