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.
Most Recent
EUR/USD: Buying starting at the 1.1670 support
A Japanese panel of economists and experts for the Cabinet Office concluded the economy failed to reach a 73-month post-war record expansion, as suggested by Prime Minister Shinzo Abe.
After the Banco Central do Brasil issued a mid-June 2020 GDP forecast calling for a contraction of 6.50%, five consecutive weeks saw upgrades that improved the outlook to a decrease of 5.66%.
Top Forex Brokers
The Euro fell after initially trying to rally during the trading session on Monday which kicked off the week.
The US dollar rallied significantly during the trading session on Monday but continues to see selling pressure just above as the market hit a bit of a “brick wall” at the ¥106.50 level.
The Australian dollar has pulled back a bit during the trading session on Monday to kick off the week but seems to have plenty of support near the 0.71 level.
The NASDAQ 100 initially pulled back a bit during the trading session on Monday but then turned around completely to skyrocket above the 11,000 level.
The S&P 500 has initially pulled back on Monday only to turn around and show signs of strength again as we are threatening 3300 towards the end of the session.
The British pound initially fell on Monday looking towards the 1.30 level, an area that I have mentioned previously as being important.
Bonuses & Promotions
Silver markets have tried to rally a bit during the trading session on Monday but gave back quite a bit of the gains to end up forming a bit of an exhaustive looking candlestick.
The West Texas Intermediate Crude Oil market pulled back just a bit during the trading session on Monday to kick off the week but found enough support near the $40 level to turn around and show signs of life again.
The US dollar has bounced again against the Indian rupee in the same general vicinity but faces a lot of headwinds just above.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The gold markets have touched the $2000 level a couple of times over the last couple of days, but we cannot seem to hang on to the gains above there.
Throughout the July trading, the EUR/USD performance was in a permanent upward correction pushing it to the 1.1908 resistance, the highest level in months.
Yellow metal bulls succeeded in pushing the price of an ounce of gold towards the $1983 resistance, its highest level in history.