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/GBP pair initially tried to rally during the course of the day on Wednesday, but turned right back around to form a massive shooting star. The markets are a bit parabolic at this point in time, so therefore it is easy to think that we are overbought.
The EUR/USD pair initially fell during the day on Wednesday, but turned around and formed a hammer. The GBP/USD pair initially fell during the day on Wednesday but snapped to the upside in order to form a massive hammer.
The S&P 500 initially fell during the course of the session on Wednesday, but turned right back around to form a nice-looking hammer. The NASDAQ 100 initially fell during the course of the day but turned right back around to form a candle that looks very positive.
The USD/JPY pair initially fell during the day on Wednesday, but we did reach towards the 100 level. The AUD/USD pair initially fell during the course of the day on Wednesday, but turned right back around to rally and rose above the 0.75 level.
The WTI Crude Oil market initially fell during the day on Wednesday, but as you can see we turned around to form a bit of a hammer. The natural gas markets initially fell during the day on Wednesday as well, but also turned around to form a bit of a hammer like we saw in the WTI Crude Oil market.
Get the NZD/USD Forex signal for July 6, 2016 here.
Get the AUD/USD Forex signal for July 6, 2016 here.
Get the USD/JPY Forex signal for July 6, 2016 here.
Get the USD/CAD Forex signal for July 6, 2016 here.
Get the USD/CHF Forex signal for July 6, 2016 here.
Get the GBP/USD Forex signal for July 6, 2016 here.
Get the EUR/USD Forex signal for July 6, 2016 here.
Gold markets initially fell during the day on Tuesday as traders returned from the independent holiday in America.
The EUR/USD pair initially rallied during the course of the day on Tuesday, but found the previous uptrend line resistive as I had anticipated. The GBP/USD pair broke down significantly during the course of the session on Tuesday, as we continue to see negative attitudes prevail in this market.
The WTI Crude Oil market fell significantly during the day on Tuesday, as we reach down towards the $46 handle. Natural gas markets fell rather significantly during the course of the day on Tuesday, testing the $2.75 level.
