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 EUR/USD pair initially fell during the day on Friday, but turned right back around to form a bit of a hammer. The GBP/USD pair initially fell during the course of the session on Friday, but turned right back around in order to form a bullish candle.
The WTI Crude Oil market rose during the course of the session on Friday, testing the $40 handle. Natural gas markets initially fell during the course of the day on Friday but turned right back around form a very bullish candle.
The S&P 500 fell slightly during the course of the session on Friday, testing the bottom of the Bollinger band indicator that I have on this chart. The NASDAQ 100 fell significantly during the course of the session on Friday, testing the bottom of the hammer from Thursday.
The USD/JPY pair ground lower doing the course of the day, and having said that it looks as if we are going to test the bottom of the hammer from the Thursday session given enough time. The AUD/USD is a market that simply had no traction whatsoever during the day on Friday, as we continue to bounce around at the 0.74 level.
Get the USD/CAD Forex signal for June 20, 2016 here.
Get the USD/CHF Forex signal for June 20, 2016 here.
Get the GBP/USD Forex signal for June 20, 2016 here.
Get the EUR/USD Forex signal for June 20, 2016 here.
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 June 20, 2016 here.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of June 20, 2016.
Get the weekly Forex forecast for the week of June 20, 2016 here.
Gold markets had a very volatile session on Thursday, as we finally broke above the $1300 level. This was a major barrier as far as I can see, and I assumed that it would signal the next leg higher.
The S&P 500 initially fell rather significantly during the course of the session on Thursday, but bounced significantly from the 2040 level. The NASDAQ 100 fell as well, but has a significant amount of support extending all the way down to the 4300 level.
The EUR/USD pair initially fell during the course of the day but ended up bouncing significantly on Thursday as we continue to see quite a bit of volatility in the Forex markets.
The USD/JPY pair fell during the day on Thursday, breaking below the 105 level. The AUD/USD pair initially fell during the day but turn right back around and formed a massive hammer.
