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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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Gold markets absolutely skyrocketed during the course of the session on Friday, as it was announced that the United Kingdom was leaving the European Union.
The EUR/USD pair fell rather significantly during the course of the day on Friday as the United Kingdom voted to leave the European Union.
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The USD/JPY pair fell significantly during the course of the day on Friday as we ended up slicing through the 100 level at one point in time. The AUD/USD pair fell significantly during the course of the day as well, as the risk off move pummeled the so-called “risky” currency in this pair.
The S&P 500 fell rather significantly during the course of the day on Friday in reaction to the United Kingdom leaving the European Union. The NASDAQ 100 not only sell, but it actually fell through a large, round number in the form of 4300.
The WTI Crude Oil market fell somewhat significantly during the course of the session on Friday as we got news that the United Kingdom was leaving the European Union. The natural gas markets fell initially during the day on Friday, but turned back around to form a bit of a hammer.
Gold prices settled at $1317.33 an ounce on Friday, a rise of 2.4% over the course of the week's trading, as investors sought refuge from volatility in the wider markets.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of June 27, 2016.
The week ended in a bit of turmoil as Britian voted to leave the European Union. The markets entered the weekend in a mess, so see what the major currency pairs have in store for the upcoming trading week of June 27, 2016 with the Forex forecast here.