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 our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of July 15, 2019.
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits.
Start the new trading week of July 15, 2019 prepared with our Forex forecast for major currency pairs here!
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The NASDAQ 100 went back and forth during the trading session on Thursday, initially reaching to a fresh, new high again, but failed to break above the 8000 handle.
The British pound rallied a bit during the trading session on Thursday, reaching towards the 1.2560 level before turning right back around.
The Euro tried to rally during the trading session on Thursday but found enough resistance above the turn things around and form a massive shooting star.
The US dollar initially broke down during the trading session on Thursday but found enough support just below the ¥180 level to turn things around and form a massive hammer.
The Australian dollar rallied during the trading session on Wednesday to test the psychologically and structurally important 0.70 handle.
Bitcoin markets did very little during the trading session on Thursday as we continue to dance around and look for some type of directionality.
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The WTI Crude Oil market clear the $60 level during the trading session on Thursday but did stall above there as we couldn’t quite keep up the massive momentum.
The natural gas markets initially rallied during trading on Thursday but have failed again at the first signs of trouble above the 50 day EMA.
The S&P 500 has broken above the 3000 level yet again, closing above the level for the first time.
Gold markets initially tried to rally during the trading session on Thursday but then turned around to show signs of weakness.
The Pound did not react to the announcement of Britain's GDP growth as expected, and the country's manufacturing output improved less than expected.
Strong signs from the US central bank of a near US interest rate cut contributed to stronger losses for the US dollar against other major currencies.