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 had a very positive session during the day on Friday, bouncing off of the 1.12 level and continuing to go much higher after that.
The WTI Crude Oil market initially fell during the session on Friday, testing the $47 level. Natural gas markets fell during the Friday session, testing the $3 level.
The S&P 500 had a very interesting session on Friday, as we initially sold off, but then exploded to the upside after a very poor jobs report.
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The USD/JPY pair initially tried to rally on Friday but found enough resistance above at the 111.50 area to turn around and fall significantly.
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The gold market was rather volatile last month. Prices dropped to the critical $1215 level, the confluence of a horizontal support and a medium-term bullish trend line, but ultimately found strong support there to climb all the way back to the $1271.50-$1269 area, leaving a long lower shadow on the monthly candle.
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Gold prices fell $3.41 an ounce on Thursday as better-than-expected U.S. economic data, which supported the case for a Federal Reserve interest rate hike this month, led to a bounce in the dollar.
The WTI Crude Oil market initially tried to rally during the day on Thursday, but found enough resistance near the $49.25 level to turn things around and form a very negative looking shooting star like candle.
This is probably one of the more dangerous markets to be involved in during the day on Friday, as it is highly sensitive to the jobs number coming out at 8:30 AM GMT.