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 WTI Crude Oil markets fell a bit during the day on Thursday, as the $50 level continues to be fairly resistive. The natural gas markets rose during the day despite the fact that there was a massive shooting star during the Wednesday session.
Gold prices advanced for a second straight session on Thursday and settled at $1321.81 an ounce. The XAU/USD pair initially pulled back towards the $1312 level but found enough support there climbed back above the $1320 resistance level.
Gold markets have been very bullish over the last couple of weeks, as the United Kingdom voted to leave the European Union. That being the case, there is quite a bit of concern when it comes down to the economic markets, and the list to say the currency markets.
The EUR/USD pair has been the epicenter of a lot of noise lately, with the United Kingdom voting itself out of the European Union. Needless to say that cause quite a bit of volatility towards the end of the month, and as a result I believe that this market will continue to be the epicenter of a lot of noise.
The WTI Oil market has been relatively volatile over the last month, as we have traded in a fairly tight range
The United Kingdom voted to leave the European Union as you all know now, and this of course had a very disastrous effect on the British pound.
The USD/CAD pair has been very choppy over the last month or so, so having said that it’s likely that the markets could very well find themselves doing more of the same.
The USD/JPY pair has been very negative of the last several weeks, and it appears that the market has finally found an area where it could try to stabilize.
Get the NZD/USD Forex signal for June 30, 2016 here.
Get the AUD/USD Forex signal for June 30, 2016 here.
Get the USD/JPY Forex signal for June 30, 2016 here.
Get the USD/CAD Forex signal for June 30 2016 here.
Get the USD/CHF Forex signal for June 16, 2016 here.
Get the GBP/USD Forex signal for June 30, 2016 here.
Get the EUR/USD Forex signal for June 30, 2016 here.
