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
Despite the positive US economic data and the strong support from the interest rate hike expectations in the current year
The GBP/USD has been moving in a cautious bullish move over the last 3 sessions in a row, settling between 1.3612
The USD/JPY is considered the best performing among the dollar’s pairs, despite the drop of the dollar against other majors.
Rising risk-on sentiment helped the EUR/USD to resume strong gains, as the pair moved towards the highest levels in 28 months, reaching towards the resistance at the 136.36 level, the highest level since October 2015.
Gold prices resumed the move towards resistance at $1321 level an ounce, the highest in 3 months, after the gold’s gains stopped around that level on Wednesday
Gold prices ended Thursday’s session up $9.34 an ounce, helped by the weakness in the dollar.
The EUR/USD pair has rallied on Thursday, as we await the jobs number. The British pound rallied a bit during the day as well, but in a much calmer manner.
The S&P 500 rallied significantly during the trading session on Thursday, as we continue to see more volume jump into the US stock markets.
The US dollar rallied significantly against the Japanese yen during the trading session on Friday, as we continue to bounce around ahead of the jobs number today.
Bonuses & Promotions
The WTI Crude Oil market initially pulled back during the trading session on Thursday, but turned around to form a hammer at the $62 handle.
Bitcoin tried to rally initially during the trading session on Thursday, but struggled above the $15,000 level.
Gold prices had an excellent session on Wednesday, as gains moved towards the resistance level at $1321 an ounce, the highest level in 3 months.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.There is no doubt that the minutes of the last Federal Reserve meeting helped the USD to achieve gains against other majors
The GBP/JPY didn’t enjoy the gains it made reaching towards resistance level at 152.82, the highest level for this pair in 3 months, and went quickly down towards 151.93
The EUR/JPY is established around 135.60 level for the 4th day in a row, which created a cluster threatens to have a corrective moves of profit taking at any time