The S&P 500 enters July after sideways consolidation, with seasonality, easing Middle East concerns, and key levels at 7,000 and 7,600 shaping the outlook.
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 NASDAQ 100 enters July in a sideways consolidation phase as seasonality, Middle East risk easing, and key levels at 28,500 and 30,500 shape the outlook.
Gold enters July under pressure from US Dollar strength and Fed rate expectations, with the crucial $4,000 level likely to define the next major move.
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USD/MXN is expected to remain choppy in July as carry trade support, Mexican GDP weakness, Banxico caution, and Fed rate expectations shape the outlook.
USD/JPY: Apex Values and Waiting for Bank of Japan Threats
BTC/USD: Steady Drift Lower Feels Like Accepted Old Reality
The EUR/USD is around 1.13900 as of this writing, this on the last trading day of June as speculative questions lurk for Forex traders who believe the currency pair has been oversold.
The USD/ZAR is around the 16.45990 ratio as of this writing while it demonstrates an ability to sustain a rather cautious middle ground taking into account its trading during June.
EUR/USD attempts a technical rebound from oversold levels, but US Dollar strength, Fed-ECB policy divergence, and resistance near 1.1500 keep the bearish trend intact.
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Gold remains bearish after a failed recovery as US Dollar strength, rising Treasury yields, and weak technical indicators pressure XAU/USD near $4,000.
Ethereum confirms a bearish death cross as whale selling, ETF outflows, weak technicals, and key support near $1,500 raise downside risks for ETH.
USD/CHF pulls back slightly after an extended rally, but interest rate differentials, the 0.80 support zone, and a potential Golden Cross keep the outlook bullish.
NZD/USD attempts to build a short-term floor as oversold conditions support a bounce, but US Dollar strength and weak risk appetite keep the outlook cautious.
GBP/USD rebounds from key support as the US Dollar gives back gains, but Fed rate expectations, global Dollar demand, and resistance near 1.33 keep caution high.
CHF/JPY rallies within its long-running range as yen weakness, 201 EMA support, and range-bound momentum keep buyers focused on the 203–204 area.