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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 EUR/USD pair had a fairly volatile day on Friday, but did end up forming a positive candle. The British pound fell again during the day on Friday, but quite frankly it was a very quiet day.
The USD/JPY pair fell slightly during the course of the day on Friday, but quite frankly I don’t have any interest in selling this pair. The AUD/USD pair rallied during the day on Friday, slamming into the 0.75 handle.
The S&P 500 of course had a positive session on Friday and will be closed today, but at the end of the day I think you need to look at this market from a longer-term perspective. The NASDAQ 100 had a positive session as well, and looks set to continue going higher over the longer term but just like the S&P 500, we are bit overbought at this point.
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The WTI Crude Oil market rallied during the course of the day on Friday after initially falling. Natural gas markets continue to defy gravity, as we initially fell during the day on Friday, and then shot straight up in the air towards the $3.00 level.
The EUR/GBP pair is a very interesting pair to pay attention to at the moment. There are a lot of different things moving it back and forth, and it is of course the epicenter of all things currency related when it comes to the so-called “Brexit.”
Gold prices settled at $1342.19 an ounce on Friday, rising 8.8% on the month and 7.25% over the quarter.
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 4, 2016 here.
Begin the new month of July 2016 with our weekly Forex forecast featuring some of the major currency pairs.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 4, 2016.