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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 initially fell during the day on Friday, but broke higher as we have cleared a couple of candles that formed hammers on the daily chart.
Gold prices settled at $1290.38 an ounce on Friday, gaining 2.5% on the week, as recent volatility in global equity markets and a weaker dollar boosted prices.
The WTI Crude Oil market initially fell during the day on Friday, but turned around to form a hammer.
The S&P 500 bounced during the day on Friday, using what could be thought of as a trend line for support.
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The US dollar continues to look soft against the Japanese yen, as Friday initially had a bullish move, but then turned around to show a negative move.
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Gold prices rose $9.30 an ounce on Thursday, extending their gains to a third-straight session, as geopolitical risks hit equities and the dollar index fell.
The US dollar fell during the day on Thursday, breaking below the bottom of the hammer from Wednesday and even breaking down below what could have been a very supportive uptrend line.The Australian dollar fell initially during the day but did see a bit of a resurgence as gold has been bought out.