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/JPY pair initially tried to rally on Friday, but as we went through the day, we ended up turning around and forming a bit of a shooting star. The US dollar had a volatile session as we typically do during the Nonfarm Payroll Fridays.
Gold prices settled at $1219.35 an ounce on Friday, gaining 2.26% on the week, as the weakness in the U.S. dollar continued to lure buyers into the market.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of February 6, 2017.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of February 6, 2017.
Get the Forex forecast focusing on major currency pairs for the week of February 6, 2017 here.
During the Thursday session, the EUR/USD pair rallied initially during the day but turned around to form an exhausted looking candle. The British pound initially tried to rally during the day on Thursday as well, but also fell as we reached towards the 1.25 handle.
The USD/JPY pair initially fell on Thursday, testing the area below the 112.50 level. The Australian dollar broke higher during the day on Thursday, clearing the 0.76 level, which was massively resistive.
The S&P 500 initially fell during the session on Thursday, but continues to find support below the 2275 handle. The NASDAQ 100 initially fell on Thursday, but found enough support to turn around and form a nice looking hammer.
The WTI Crude Oil market initially tried to rally during the day on Thursday but found enough resistance above to turn the market around to form and exhaustive candle. The natural gas markets fell a bit during the day on Thursday, but found enough support at the $3.12 reason to turn around to form a hammer.
Bonuses & Promotions
Gold climbed to the highest level in 11 weeks on Thursday on political uncertainty in the U.S but gave up some of its gains in Asia today as investors awaited the U.S. jobs report.
Get the NZD/USD Forex signal for February 2, 2017 here.
Get the AUD/USD Forex signal for February 2, 2017 here.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Get the USD/JPY Forex signal for February 2, 2017 here.
Get the USD/CAD Forex signal for February 2, 2017 here.
Get the USD/CHF Forex signal for February 2, 2017 here.