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.
Most Recent
The USD/ZAR is traversing below the 15.00000 juncture and has produced incrementally lower resistance junctures the past week of trading.
The USD/INR continues to test long-term support levels and traders who believe a bearish move is likely to happen should practice patience.
The US dollar's strength contributed to the decline in the price of gold, which breached the $1800 support level, reaching a 2-month low at $1785.
After sell-offs pushed the GBP/USD pair towards the 1.3564 support level during last week's trading, the pair returned to the upside and closed the week around 1.3736.
For two weeks in a row, the USD/JPY has tried to correct the upside.
Last week's downward correction pushed the EUR/USD pair to the 1.1952 support level, its lowest in two months, before settling around 1.2050 after the US jobs numbers were announced.
The NASDAQ 100 fluctuated during the trading session on Friday after the jobs number came out a bit disappointing.
The DAX is struggling just above the 14,000 level heading into the weekend, as we are testing the highs yet again.
The FTSE 100 fluctuated during the course of the trading session, as we stabilized at the 6400 level.
Bonuses & Promotions
The West Texas Intermediate Crude Oil market rallied again during the trading session on Friday as we pierced the $57 level.
The S&P 500 continues to chug higher as Wall Street celebrates the job losses.
Crypto has been in favour in markets lately due to ongoing fallout from the Reddit r/WallStreetBets group buying of various assets.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The gold markets rallied slightly during the trading session on Friday as the US dollar lost a little bit of strength.
The Australian dollar rallied on Friday after what was a very quiet week for the market.
Bitcoin has done very little over the last couple of sessions, which is not necessarily a bad thing.