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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Get the EUR/USD Forex signal for July 4, 2016 here.
The EUR/USD pair had a fairly volatile day on Friday, but did end up forming a positive candle. The British pound fell again during the day on Friday, but quite frankly it was a very quiet day.
The USD/JPY pair fell slightly during the course of the day on Friday, but quite frankly I don’t have any interest in selling this pair. The AUD/USD pair rallied during the day on Friday, slamming into the 0.75 handle.
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The S&P 500 of course had a positive session on Friday and will be closed today, but at the end of the day I think you need to look at this market from a longer-term perspective. The NASDAQ 100 had a positive session as well, and looks set to continue going higher over the longer term but just like the S&P 500, we are bit overbought at this point.
The WTI Crude Oil market rallied during the course of the day on Friday after initially falling. Natural gas markets continue to defy gravity, as we initially fell during the day on Friday, and then shot straight up in the air towards the $3.00 level.
The EUR/GBP pair is a very interesting pair to pay attention to at the moment. There are a lot of different things moving it back and forth, and it is of course the epicenter of all things currency related when it comes to the so-called “Brexit.”
Gold prices settled at $1342.19 an ounce on Friday, rising 8.8% on the month and 7.25% over the quarter.
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 July 4, 2016 here.
Begin the new month of July 2016 with our weekly Forex forecast featuring some of the major currency pairs.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 4, 2016.
Lately, I’ve been speaking about silver quite a bit. After all, it is one of the better performing markets that I follow, and we have finally broken above the $18 level which was a massive resistance barrier.
The EUR/USD pair initially tried to rally during the course of the session on Thursday, but found the previous uptrend line to be a bit resistive so then we fell rather significantly. The GBP/USD pair fell significantly during the course of the day on Thursday, but did bounce a little bit towards the end of the day.
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Sign up to get the latest market updates and free signals directly to your inbox.Initially, the S&P 500 fell during the day on Thursday, but we found enough support to continue going higher. The NASDAQ 100 initially fell during the course of the session on Thursday but turned right back around to form a fairly positive looking hammer.
The USD/JPY pair initially fell during the day on Thursday, but turn right back around to form a bit of a hammer. The Australian dollar had a wild day as we initially fell fairly significantly during the day, but we turn right back around to form a massive hammer.
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.