Natural gas markets initially fell during the trading session on Friday but then turned around to bounce a bit during the trading session on Friday to show signs of support.
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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 rallied a bit during the trading session on Friday as we broke above the top of the shooting star that formed on Thursday.
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The S&P 500 has been all over the place during the week, and what has been a massive amount of volatility driven by the US/China situation, central banks in Asia doing surprise interest rate cuts, and then of course the Federal Reserve outlook.
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Bitcoin: Bearish wedge supported by $11,112
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USDCHF Analysis: 0.9700 continues to hold as support
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The Australian dollar went back and forth during the trading session on Friday, dancing around the 0.68 handle.
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The US dollar fell a bit during the trading session on Friday, reaching down below the ¥105.50 level.
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Gold markets have had a strong week or so, but as we are just above the $1500 level, it’s likely that we are going to pull back a bit as the market tries to come to grips with the idea of being above that level.
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Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 12, 2019.
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