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 rallied on Friday, but found quite a bit of resistance above. The British pound had a volatile session on Friday, ultimately settling on a slightly negative candle.
The WTI Crude Oil market fell on Friday, as we have gotten a little bit overextended. The natural gas markets fell initially on Friday but turned around to form a massive hammer.
The USD/JPY pair chop around during the Friday session as we continue to bang around the 115 level. The Australian dollar was also choppy during the session on Friday as we slammed into the 0.75 level again.
The S&P 500 rallied on Friday, but in a relatively calm manner. Unlike the S&P 500, the NASDAQ 100 has broken out and continues to look very bullish.
Gold ended the week up by 2.5% at $1197.79 an ounce, recoding a third consecutive weekly gain, as the American dollar’s weakness made gold more popular.
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The WTI Crude Oil markets rallied during the session on Thursday, but continues to see quite a bit of resistance above. The natural gas markets rallied during the session on Thursday, extending all the way to the $3.45 level above.
The S&P 500 fell during the session on Thursday, testing the 2250 handle. The NASDAQ 100 fell during the day as well, and just like the S&P 500 found support.