Gold prices dropped $6.81 on Thursday as the dollar appreciated ahead of key U.S. jobs data.
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 initially fell on Wednesday, but turned around to form a nice-looking hammer.
The EUR/USD pair rallied slightly during the day on Wednesday, showing signs of resiliency. The British pound rallied against the US dollars well during the day, testing the 1.33 level.
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The S&P 500 had a slightly positive session on Wednesday, as we continue to make fresh, new highs.
The WTI Crude Oil market initially tried to rally on Wednesday but was turned around at the $50.75 level. Natural gas markets rallied during the day on Wednesday, as we continue to see extraordinarily volatile conditions.
Gold prices ended Wednesday’s session up $2.91 an ounce, supported by a weaker U.S. dollar index.
The EUR/USD pair went back and forth on Tuesday, showing signs of volatility still. The British pound fell slightly during the day on Tuesday, as we continue to reach towards lower levels.
The US dollar rallied initially on Tuesday, but found enough resistance near the 113.25 level to turn around and form a shooting star.
The S&P 500 rallied during the day on Tuesday, reaching towards the 2535 handle above. The NASDAQ 100 continues to show volatility, as we tried to rally during the session but struggled at the 6000 handle.
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The WTI Crude Oil market fell during the day on Tuesday, testing the $50 level. Natural gas markets fell during the session on Tuesday, reaching towards the $2.88 level.
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