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 US dollar initially gapped higher at the open on Monday and reaction to the French elections, as traders put a “risk on” attitude into the market.
The S&P 500 reacted positively to the French election results, gapping higher at the open. The NASDAQ 100 initially fell after gapping as well, breaking below the 5650 handle.
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Gold prices opened with a gap down yesterday as there were no market-sensitive news developments over the weekend to rattle the markets.
Oil prices erased gains earned earlier on Tuesday as the U.S. production increase and concerns over weakening demand kept traders on edge.
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The EUR/USD pair had a very strong session on Thursday, so it was a little bit of a harbinger of what we would see on Friday.
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The US dollar initially fell against the Japanese yen during the session on Friday, but the jobs number was strong enough to turn the market around and send us back above the 112.50 level.
The S&P 500 had an interesting session on Friday as the jobs never came out of the United States. The NASDAQ 100 of course looks very healthy as we are pressing the 5650 handle.