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 took off to the upside during the course of the session on Friday in reaction to the stronger than anticipated jobs number. The NASDAQ 100 and took off to the upside as well, and in fact made a “higher high” finally, and as a result it looks like the NASDAQ 100 should continue to go even higher as we closed so close to the top of the range for the day.
Get the NZD/USD Forex signal for July 11, 2016 here.
Get the AUD/USD Forex signal for July 11, 2016 here.
Get the USD/JPY Forex signal for July 11, 2016 here.
Get the USD/CAD Forex signal for July 11, 2016 here.
Get the USD/CHF Forex signal for July 11, 2016 here.
Get the GBP/USD Forex signal for July 11, 2016 here.
Get the EUR/USD Forex signal for July 11, 2016 here.
Gold prices settled at $1364.61 an ounce on Friday, a rise of 1.66% over the course of the week's trading, as upbeat U.S. economic data failed to alter investors’ outlook on Federal Reserve interest rate increases.
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 10, 2016 here.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 11, 2016.
Get the weekly forecast for the major Forex currency pairs for the week of July 11, 2016 here.
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.
The WTI Crude Oil market had a very negative session during the day on Thursday, as we broke down through the $46 level.
