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 euro initially tried to rally during the trading session on Friday but found enough resistance near the 1.22 level to turn around and form a shooting star.
The gold markets fell during the trading session on Friday, reaching down towards the $1836 level.
The Australian dollar pulled back a bit during the course of the trading session on Friday as it looks like the 0.78 level can be thought of as significant resistance.
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The Bitcoin market broke down below the $30,000 level on Friday but turned around quite nicely to show signs of support.
The NASDAQ 100 continues to show leadership when it comes to US indices, as the market initially sold off and then closed at the highs again.
The S&P 500 fell a bit during the session on Friday to reach towards the 3800 level.
The euro is relatively weak compared to other major currencies.
The GBP/USD is up slightly as concerns about the UK economy remain ahead of the country’s employment numbers.
The pair seems to be forming an ascending triangle pattern whose resistance is at ~0.7800.
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The US dollar has found a little bit of support near the 1.26 level against the Canadian dollar during the trading session on Thursday,
The S&P 500 continues to see plenty of upward pressure yet again, as we are closing just above the 3850 level.
The West Texas Intermediate Crude Oil market has looked very sluggish throughout the trading session as it appears that we are starting to run into a significant amount of exhaustion.