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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 EUR/USD pair initially tried to rally during the trading session on Friday, but turned around to form a negative candle.
The S&P 500 rallied during the trading session on Friday, as word got out that it looks likely for tax reform to pass.
The US dollar initially fell against the Japanese yen during the trading session on Friday, but found the 112-level supportive enough
The WTI Crude Oil market rallied a bit during the trading session on Friday, breaking above the top of the hammer from the previous session.
Gold prices ended the week up $7.67 at $1255.35 an ounce, snapping a three-week losing streak, as a retreat in the dollar sparked some short-side profit taking.
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Gold prices ended Thursday’s session down $2.14, weighed down by the dollar’s bounce on better-than-expected U.S. economic data.
The S&P 500 had a negative session on Thursday, reaching down to the 2650 handle before finding buyers.
The US dollar initially tried to rally against the Japanese yen during the Thursday session, but the 113-level offered far too much in the way of resistance