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 was subjected to sell-offs during last week's trading, as it moved towards the 1.2104 support level before closing the week's trading stable around the 1.2166 level.
The recent US jobs data did not provide the USD/JPY pair with enough momentum to go higher than the 110.32 resistance level, a 2-month high.
A strong US dollar led to two sharply bearish trading sessions for the price of gold last week that pushed it towards the support level of $1855, a 3-week low.
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The DAX Index rallied a bit during the trading session on Friday as we continue to see a lot of bullish pressure.
The West Texas Intermediate Crude Oil market initially pulled back a bit during the trading session on Friday, but saw quite a bit of a turnaround as the jobs number came out with 559,000 jobs for the previous month.
The US dollar initially strengthened against the Canadian dollar during trading on Friday to continue the bullish pressure on Thursday.
The NASDAQ 100 rallied significantly during the trading session on Friday as the 50-day EMA has offered a little bit of technical support.
The S&P 500 rallied during the trading session on Friday to close out the week after the jobs number was 559,000 added for the previous month, instead of the whispered 1 million.
The gold markets fell initially during the trading session on Friday, reaching down towards the $1850 level before turning around and showing signs of life again.
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We are range-bound and going nowhere.
Now it looks as if the market is still in its “wait-and-see” mode that it has been in for a while.
The British pound shot higher during the trading session on Friday to reach towards the 1.42 handle again.
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The euro pulled back initially during the trading session on Friday as the world awaited the non-farm payroll announcement, and traders started to worry about the idea of the Federal Reserve stepping away from quantitative easing.
The pair has been ranging for several days.
The AUD/USD pair was little changed in the Asian session as traders reflected on the mixed US jobs data and the relatively strong Australian data.