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 Australian dollar rallied a bit during the trading session on Friday, as we continue to see the 0.7750 level as a bit of a magnet for price.
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Friday again, but it looks like we are seeing the $62.50 level as a bit of a magnet for price, which was where we recently had seen massive resistance.
As things currently stand, the bears have taken a back seat in gold markets while bond yields appear to have further down to go before establishing support.
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The West Texas Intermediate Crude Oil market fell significantly at the open on Thursday, but then turned around to show signs of life again.
The S&P 500 initially tried to rally during the course of the trading session, but then fell towards the 4100 level.
The NASDAQ 100 fell during the course of the trading session on Thursday, reaching down towards the 13,750 level.
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The DAX initially gapped higher to kick off the trading session on Thursday but then gave back the gains to form a bit of a shooting star.
The FTSE 100 has rallied a bit during the course of the trading session on Thursday only to turn around and show signs of weakness again.
The British pound fell rather hard during the course of the trading session on Thursday to crash back into that uptrend line that has recently been taken out.
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro initially tried to rally during the trading session, perhaps anticipating the ECB meeting.
The Australian dollar has pulled back against the greenback during the trading session on Thursday again, but still sees plenty of support underneath at the 50 day EMA to keep the market afloat.
The bitcoin markets have fallen a bit to reach down towards the 50 day EMA again on Thursday, but also continues to see plenty of support underneath to turn things right back around.