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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Friday was of course very thin as far as trading volume is concerned, and at the end of the day we essentially ended up where we started.
The EUR/USD pair went back and forth during the day on Friday, as we tested the 1.06 level. The British pound rallied on Friday, but of course it is a very low-volume day.
The S&P 500 initially tried to rally on Thursday, but then turned around and fell significantly. The NASDAQ 100 initially tried to rally during the day on Thursday, but turned around to form a shooting star.
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Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for April 17, 2017
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The EUR/USD pair turned around during the session on Thursday, taking out most of the gains from Wednesday. The British pound initially rally on Thursday but found enough resistance above to turn things around and form a hammer like candle.
The WTI Crude Oil market rallied during the day on Thursday, but gave back quite a bit of the gains. The natural gas markets initially fell during the session on Thursday, but turned around to show signs of life again.
The S&P 500 had a slightly negative session on Thursday as traders closed out the week in America. The NASDAQ 100 looks a little bit more primed for falling than the S&P 500 shortly.
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The US dollar had a volatile session against the Japanese yen during the session on Thursday. The Australian dollar rallied during the session on Thursday, but found enough resistance near the 0.76 level above.
Get the NZD/USD Forex signal for April 13, 2017 here.
Get the AUD/USD Forex signal for April 13, 2017 here.
Get the USD/JPY Forex signal for April 13, 2017 here.
Get the USD/CAD Forex signal for April 13, 2017 here.
Get the USD/CHF Forex signal for April 13, 2017 here.