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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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Get the EUR/USD Forex signal for May 1, 2017 here.
Gold logged a second straight weekly loss on Friday as a series of upbeat earnings reports bolstered appetite for risk.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for May 1, 2017
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 1, 2017.
Check out the Forex forecast focusing on major currency pairs for the week of May 1, 2017 here.
The USA is close to (practical) full employment, so unless Donald Trump intends to invite a new wave of immigrant labour to the US, it is difficult to see how his policies will create vast swathes of new jobs for America in the first place.
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The EUR/USD pair had a volatile Thursday session as the ECB released an interest rate decision, but more importantly had a news conference afterwards.
The USD/JPY pair initially tried to rally during the Thursday session, but found resistance at the 50 day exponential moving average again.
The WTI Crude Oil market broke down significantly during the Thursday session, but we bounced significantly as well, and the daily candle ended up forming a hammer.
The S&P 500 went back and forth on Thursday, but ultimately ended up forming a slightly positive candle. The NASDAQ 100 rallied during the Thursday session, breaking above the top of the Wednesday session.
Gold edged lower on Thursday, giving up the gains made in the previous session, as the dollar strengthened after comments from European Central Bank President Mario Draghi weakened the euro.
As widely expected, Bank of Japan maintained its monetary policy as is without any changes, therefore, the Yen remained under pressure as a result of increasing risk appetite and walking away from safe heaven assets.