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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
The South African Rand has been rallying against the Japanese yen for quite some time. The pair tends to be quite sensitive the risk, but it also serves as a nice carry trade.
The Parisian index has been rising for several months, and the last couple of weeks have done something particularly interesting as far as I can see, pulling back only to find more buyers.
The British pound has rallied against the Canadian dollar as of late. Get the forecast for the month of April 2017 here.
Get the NZD/USD Forex signal for March 27, 2017 here.
Get the AUD/USD Forex signal for March 27, 2017 here.
Get the USD/JPY Forex signal for March 27, 2017 here.
The EUR/USD pair initially fell on Friday, but found enough support at the 1.0750 region to turn around and form a hammer. The British pound initially fell on Friday as well but found enough support underneath to turn things around and form a hammer.
The S&P 500 rallied on Friday, but found the 20-day exponential moving average to be a bit resistive again. The NASDAQ 100 rallied during the day on Friday, showing signs of strength and quite frankly looking stronger than the S&P 500.
The WTI Crude Oil market initially rally on Friday, but turned around to form a shooting star. The natural gas markets went back and forth during the day on Friday, testing the 50-day exponential moving average for support.
The USD/JPY pair initially tried to rally during the session on Friday but found enough resistance to turn things around and form and exhaustive candle.
Get the USD/CAD Forex signal for March 27, 2017 here.
Get the USD/CHF Forex signal for March 27, 2017 here.
Get the GBP/USD Forex signal for March 27, 2017 here.
Get the EUR/USD Forex signal for March 27, 2017 here.
Gold prices settled at $1245.10 an ounce on Friday, gaining 1.2% on the week, as a sell-off in the U.S. stock market and a lower U.S. dollar index boosted the yellow metal.