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.
Most Recent
Oil prices erased gains earned earlier on Tuesday as the U.S. production increase and concerns over weakening demand kept traders on edge.
Get the NZD/USD Forex signal for May 8, 2017 here.
Get the AUD/USD Forex signal for May 8, 2017 here.
Top Forex Brokers
Get the USD/JPY Forex signal for May 8, 2017 here.
The EUR/USD pair had a very strong session on Thursday, so it was a little bit of a harbinger of what we would see on Friday.
The WTI Crude Oil market broke down significantly during the session on Friday, slicing through the $45 level. The natural gas markets had a rally during the Friday session as we continue to consolidate around the $3.25 level.
The US dollar initially fell against the Japanese yen during the session on Friday, but the jobs number was strong enough to turn the market around and send us back above the 112.50 level.
The S&P 500 had an interesting session on Friday as the jobs never came out of the United States. The NASDAQ 100 of course looks very healthy as we are pressing the 5650 handle.
Get the USD/CAD Forex signal for May 8, 2017 here.
Bonuses & Promotions
Get the USD/CHF Forex signal for May 8, 2017 here.
Get the GBP/USD Forex signal for May 8, 2017 here.
Get the EUR/USD Forex signal for May 8, 2017 here.
Gold prices settled at $1228.41 an ounce on Friday as concerns that the Federal Reserve may raise interest rates as early as June, along with a rally in US equities, fueled a loss of more than 3% for the week.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for May 8, 2017
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 8, 2017.