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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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Gold prices settled at $1347.45 an ounce on Friday, scoring a gain of 2.6% on the week, as a softer dollar and worries over growing trade tensions between the U.S. and China prompted investors to seek refuge in gold.
The WTI Crude Oil market had a bullish session on Monday, breaking over 2% to the upside.
The S&P 500 fell again on Friday, as we continue to see bearish pressure in the markets as we worry about a potential trade war between the United States and China.
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The U.S. stock market sold off quite strongly last week, ending the week near its low. It was the lowest closing price for about 4 months, and was only just above the S&P 500 Index’s 200-day simple moving average, a traditional measure of a market’s health
The US dollar initially rallied against the Japanese yen on Friday, reaching towards the previous uptrend line.
The EUR/USD pair pulled back slightly at the beginning of the session on Friday but turned around to show signs of support again.
Bitcoin fell against the US dollar during the trading on Friday, as we continue to drift around in a slow choppy pattern.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of March 25, 2018.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 26, 2018.