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 stock market pulled back a bit to begin the week on Monday, and that of course includes the S&P 500 index.
The NASDAQ 100 has fallen a bit during the trading session on Monday to kick off the week, reaching down towards the 7800 level which is an area that coincides nicely with the downtrend line that I have drawn on the chart.
The British pound went back and forth during trading on Monday as we continue to hover just above the 1.25 handle.
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Gold markets initially tried to rally during the trading session on Monday but gave back the gains to form a less than attractive looking candle stick from the bullish sign.
For three consecutive trading sessions, the price of an ounce of gold moved in a bearish correction from the $ 1428 resistance level to reach $ 1410 per ounce
Employers in the United States sharply intensified their employment during June, adding 224,000 new jobs, underscoring the strength of the US economy after more than a decade of steady growth.
The US economy succeeded in adding more new jobs in the non-farm sector than expected in June, thus boosting support for the US dollar.
The Japanese yen is still stronger and the USD bullish correction attempts didn’t pass the 108.63 resistance, and the USD/JPY settled again around 108.30 at the time of writing.
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