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 WTI Crude Oil market has initially tried to pull back a bit on Friday, to test the uptrend line from the ascending triangle that we have been stuck in.
The German index rallied during the trading session on Friday, after a gapped higher to open the day.
The Euro has rallied significantly on Friday as the retail sales number in the United States came out much lower than anticipated.
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The British pound has broken above the top of the Thursday hammer to show continued upward pressure, as the 1.40 level has offered significant support.
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The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Thursday to test the bottom of an ascending triangle.
The NASDAQ 100 went back and forth during the course of the trading session on Thursday as we have tested the 13,000 level.
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The S&P 500 has pulled back a little bit to kick off the trading session on Thursday but has turned around to see buyers take over again.
The DAX fell significantly to kick off the trading session on Thursday, perhaps in response to the inflation driven fears in America during the Wednesday session.
The FTSE 100 has fallen significantly during the course of the trading session on Thursday to reach down towards the 1600 level.
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The Euro initially tried to rally during the trading session on Thursday but gave back the gains rather early and then continue to drop.
The British pound has fallen again during the trading session on Thursday, to reach down towards the 1.40 handle.
The Australian dollar has gone back and forth during the course of the trading session on Thursday as we continue to look at the 50 day EMA as a potential support level.