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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Over the course of last week's trading, the EUR/USD fell to the 1.0880 support, its lowest level in 28 months, as pessimism about the outlook for the Eurozone economy continues, despite the ECB's stimulus plans, including interest rate cuts and asset purchase plans.
Continued downward pressure on AUD/USD contributed to the decline to the 0.6670 support level, the 10 years low, before settling around 0.6760 at the beginning of this week's trading.
The NASDAQ 100 has had a good session on Friday after the jobs number came out, reaching towards the 50 day EMA.
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The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Friday, breaking above the top of the hammer from the Thursday session.
The natural gas markets initially fell during the trading session on Friday, reaching down towards the significant $2.20 level.
Bitcoin continues to do very little, as the Friday session was quiet as well.
Gold markets went back and forth during the trading session on Friday as we had got the jobs number out of the United States.
The Australian dollar had a good session on Friday, reaching above the 0.6750 level, and aiming towards the 0.68 handle.
The US dollar fell a bit during the trading session on Friday but recovered after the jobs number came out slightly less than anticipated, but with strong internals.
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The British pound initially fell during the Friday session but then turned around of form a bit of a hammer as the market continues to dance around the 1.23 region.
The Euro has rallied a bit during the trading session on Friday, as the jobs number came out a little bit softer than anticipated in the top line, but had several strong revisions attached to it.
The S&P 500 has initially pulled back during the trading session on Friday but after the jobs number got out the way, the market found the 2900 level to be massive support.
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