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 fell significantly during the course of the session on Tuesday, but turn right back around to form a relatively interesting looking candle as we bounced nicely. The NASDAQ 100 initially fell during the day as well but turned around to form a little bit better looking hammer quite frankly, so having said that I think it’s only a matter of time before we break out to the upside.
Gold prices ended Tuesday's session up $6.96, extending gains to a fifth-straight session, as declines in equity markets and ongoing uncertainty following the UK's vote to exit the European Union underpinned the precious metal.
Get the NZD/USD Forex signal for July 5, 2016 here.
Get the AUD/USD Forex signal for July 5, 2016 here.
Get the USD/JPY Forex signal for July 5, 2016 here.
Get the USD/CAD Forex signal for July 5, 2016 here.
Get the USD/CHF Forex signal for July 5, 2016 here.
Get the GBP/USD Forex signal for July 5, 2016 here.
Get the EUR/USD Forex signal for July 5, 2016 here.
Gold prices edged higher on Monday but the trading range was relatively tight as the U.S. markets were closed for a public holiday.
The EUR/USD pair initially fell during the course of the day on Monday, but turned around to form a bit of a hammer. The GBP/USD pair did almost nothing during the course of them Monday as well, as we continue to meander around the 1.33 level.
The WTI Crude Oil markets did very little during the day on Monday, as American traders were away for the holiday. Natural gas markets gapped lower at the open on Monday, but quite frankly there isn’t much to deal with as the $3.00 level is a massive barrier due to the psychological nature of that level.
The S&P 500 of course was very quiet and the CFD markets did have a little bit of trading. With the Americans away at Independence Day holiday, it makes sense that we would have done almost nothing. The NASDAQ 100 initially tried to rally during the course of the day but turned right back around in the CFD markets as we ended up forming a bit of a shooting star.
The USD/JPY pair initially tried to rally during the day on Monday, but as you can see we turn right back around to form a slightly negative candle. The AUD/USD pair broke higher during the course of the session on Monday, slicing through the 0.75 handle.
Get the AUD/USD Forex signal for July 4, 2016 here.
