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 S&P 500 went back and forth during the course of the session on Friday, testing the 2120 level for support. The NASDAQ 100 initially rallied during the course of the session on Friday, but turned around to form a bit of a shooting star.
The USD/JPY pair went back and forth during the course of the session on Friday, showing the 105 level to be a bit too resistive. The Australian dollar initially fell during the course of the session on Friday, but turned around to form a hammer.
Gold prices rose for a second consecutive week but ended the month with a loss of 3.2%.
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The EUR/USD pair initially tried to rally during the course of the day on Thursday, but turned around to form a bit of a shooting star. The British pound tried to rally during the course of the session on Thursday, but then turned around to fall initially.
The S&P 500 went back and forth during the course of the session on Thursday, forming a neutral candle. The NASDAQ 100 tried to rally during the course of the session on Thursday, but still sees quite a bit of resistance near the 4900 level.
The WTI Crude Oil market bounced off of the $49 level during the course of the day on Thursday, but found resistance at the $50 level above. The natural gas markets of been extraordinarily volatile over the last 24 hours, but it looks as if we are hovering around the $3 level.
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The USD/JPY pair initially fell during the day on Thursday, but found enough support yet again to continue going higher. The New Zealand dollar initially tried to rally during the day on Thursday, but turn right back around to form a very negative candle.
Gold prices edged slightly higher on Thursday, helped by weaker-than-anticipated U.S. durable goods orders data, but remained within the trading range of the past six days.
The EUR/USD pair initially tried to rally during the course of the session on Wednesday, but turned around to form a massive shooting star. The British pound rose slightly during the course of the session on Wednesday, as we continue to bounce around in general.
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The USD/JPY pair initially fell on Wednesday, but turned around to form a rather positive candle. The Australian dollar initially tried to rally during the course of the session, but turn right back around to form a shooting star.
During the day on Wednesday, the crude oil market tried to rally but we found the $50 level be far too resistive. The natural gas markets initially fell during the course of the session on Wednesday, but turned right back around to form a bit of a hammer.