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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The EUR/USD pair initially fell during the course of the day on Monday, but turned around to form a bit of a hammer. The GBP/USD pair did almost nothing during the course of them Monday as well, as we continue to meander around the 1.33 level.
The WTI Crude Oil markets did very little during the day on Monday, as American traders were away for the holiday. Natural gas markets gapped lower at the open on Monday, but quite frankly there isn’t much to deal with as the $3.00 level is a massive barrier due to the psychological nature of that level.
The S&P 500 of course was very quiet and the CFD markets did have a little bit of trading. With the Americans away at Independence Day holiday, it makes sense that we would have done almost nothing. The NASDAQ 100 initially tried to rally during the course of the day but turned right back around in the CFD markets as we ended up forming a bit of a shooting star.
The USD/JPY pair initially tried to rally during the day on Monday, but as you can see we turn right back around to form a slightly negative candle. The AUD/USD pair broke higher during the course of the session on Monday, slicing through the 0.75 handle.
Get the AUD/USD Forex signal for July 4, 2016 here.
Get the NZD/USD Forex signal for July 4, 2016 here.
Get the USD/JPY Forex signal for July 4, 2016 here.
Get the USD/CAD Forex signal for July 4, 2016 here.
Get the USD/CHF Forex signal for July 4, 2016 here.
Get the GBP/USD Forex signal for July 4, 2016 here.
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.
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.
