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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Gold prices settled at $1240 an ounce on Friday, scoring a gain of 1.6% on the week, as soft global economic data, the Federal Reserve's cautious stance towards hiking interest rates and a slide in equities lured investors back into the market.
The EUR/USD pair rose slightly during the course of the day on Friday, as we continue to bang up against the 1.14 handle. The GBP/USD pair rose during the course of the session on Friday, as we continue to see quite a bit of support near the 1.40 level.
The USD/JPY pair initially tried to rally during the course of the session on Friday, but turned back around to form a fairly negative candle. The AUD/USD pair initially tried to rally during the course of the day on Friday, but turn right back around to form a shooting star.
The S&P 500 initially tried to rally during the course of the session on Friday, but found the 2060 level to be far too resistive and therefore we ended up forming a bit of a shooting star. The NASDAQ 100 initially rallied during the course of the day on Friday, but we turned back around at the 4520 level, and ended up forming a shooting star.
The WTI Crude Oil market broke higher during the session on Friday, breaking above the top of the range for the Thursday session. The natural gas markets initially tried to rally during the course of the session on Friday, but continues to find quite a bit of resistance at the $2 level, as we see quite a bit of bearish pressure.
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The S&P 500 initially fell during the course of the session, but has been in a very strong uptrend for some time now. The NASDAQ 100 fell during the day on Thursday as well, forming a very bearish candle.
The WTI Crude Oil market initially rallied during the day on Thursday but found the area above the $38 level to be resistive enough to turn the market back around. The natural gas markets had a very strong session on Thursday, breaking above the $2 level at one point.
The EUR/USD pair went back and forth during the day on Thursday as we continue to struggle with the 1.14 level. The GBP/USD pair initially tried to rally during the day on Thursday but turned back around and fell from there