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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Get the USD/CHF Forex Signal for April 24, 2017 here.
Get the GBP/USD Forex Signal for April 24, 2017 here.
Get the EUR/USD Forex Signal for April 24, 2017 here.
Gold ended the week down by 0.58% at $1284.29, suffering the first weekly loss in six, as investors cashed in recent gains driven by a range of geopolitical tensions.
The EUR/USD pair initially fell during the day on Friday, but turned around to form a hammer which is a bullish sign. The GBP/USD pair initially fell during the day on Friday, but found support at the previously resistive 1.2750 level.
The USD/JPY pair fell initially on Friday but turned around to form a hammer. The Australian dollar fell initially during the day but continued to go higher.
The S&P 500 initially fell on Friday but turned around to find enough support and form a hammer. The NASDAQ 100 had a choppy session on Friday as well, as we continue to see buyers jumping to this market.
The WTI Crude Oil market broke down during the session on Friday, as we continue to see quite a bit of bearish pressure.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for April 23, 2017
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 24, 2017.
Check out the Forex forecast focusing on major currency pairs for the week of April 24, 2017 here.
Gold prices ended slightly higher on Thursday but the trading range was relatively tight as investors took a cautious stance ahead of France’s closely watched presidential election.
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The S&P 500 rallied during the Thursday session, breaking above the top of the shooting star from Wednesday, which of course is a very bullish sign.
The WTI Crude Oil market fell again during the session after initially trying to rally on Thursday.