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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 prices rose $14.01 an ounce on Tuesday, hitting the highest level since November 9, as investors sought safety from tensions in the Middle East, upcoming British election and the European Central Bank policy meeting.
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Asian markets continued searching for direction on Wednesday as traders awaited news expected on Thursday, including the European Central Bank review, results from the U.K. election and testimony from former FBI Director James Comey to the Senate.
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The EUR/USD pair fell significantly during the day on Monday, but did find a bit of support underneath as the longer-term uptrend should continue. The British pound rallied during the session on Monday, breaking above the 1.29 level.
The WTI Crude Oil market had a very volatile session on Monday, as we initially broke above the $48 level, but turned around to show signs of exhaustion as we then broke below the $47 handle.
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The S&P 500 was very quiet during the Monday trading session, as we continue to see bullish pressure, only this time in the form of the market being comfortable at high levels.
The USD/JPY pair tried to rally initially during the day on Monday, but turned around to form a less than impressive candle.
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Get the GBP/USD Forex signal for June 6, 2017 here.
Get the EUR/USD Forex signal for June 6, 2017 here.