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 are building up for a move, and we could see that move come in August.
The NASDAQ 100 rallied again during the month of July, but it should not be thought of as an easy month.
DOGE/USD has battled off bearish ratios in the past week, but bullish traders are still being confronted by the lower price range as they decide on direction.
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At this point, I think you are going to have a very choppy month of August.
As you can see on the longer-term weekly chart, the United States dollar has been very range-bound against the Indian rupee for roughly 2 years.
One-Month Highs Being Tested as August Set to Begin
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The FTSE 100 has rallied a bit during the course of the trading session on Thursday, raking above the 50 day EMA and piercing the bottom of the uptrend line from the previous ascending triangle.
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The crude oil markets were somewhat quiet most of the trading session but started to rally later on as the WTI market has reached above the $73.50 level.
The US dollar has fallen against the Mexican peso during the trading session on Thursday again, reaching down towards the 19.85 level.
The NASDAQ 100 initially tried to rally during the trading session on Thursday, and was very strong almost immediately as soon as the Americans got on board trading the underlying index.
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The S&P 500 rallied a bit during the trading session on Thursday to reach above the 4400 level, which of course is a large, round, psychologically significant number
The Euro has broken above the top of the candlestick for the trading session on Wednesday during the Thursday session, as it is now starting to approach the 200 day EMA.
The British pound has rallied significantly during the course of the trading session on Thursday to reach close to the 1.40 handle above, which is a large, round, psychologically significant figure.