The WTI Crude Oil market initially tried to rally on Monday but rolled over slightly.Natural gas markets fell during the day as the $3.25 level has offered enough resistance to keep the market down.
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.
Most Recent
The USD/JPY pair fell during the session on Monday, testing the 61.8% Fibonacci retracement level.
The S&P 500 rallied during the day on Monday, as traders came back from the Easter holiday. The NASDAQ 100 rallied as well, testing the top of the shooting star from Thursday.
Top Forex Brokers
The EUR/USD pair rallied during the session on Monday, using the 1.06 level as a springboard.
Gold ended the week up $33.29 at $1287.68 as a weaker dollar and sagging risk appetite lured buyers back into the market.
The US dollar fell again on Friday, breaking the bottom of the neutral candle from Thursday, showing continuation.
Friday was of course very thin as far as trading volume is concerned, and at the end of the day we essentially ended up where we started.
The EUR/USD pair went back and forth during the day on Friday, as we tested the 1.06 level. The British pound rallied on Friday, but of course it is a very low-volume day.
The S&P 500 initially tried to rally on Thursday, but then turned around and fell significantly. The NASDAQ 100 initially tried to rally during the day on Thursday, but turned around to form a shooting star.
Bonuses & Promotions
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for April 17, 2017
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 17, 2017.
Check out the Forex forecast focusing on major currency pairs for the week of April 17, 2017 here.
The EUR/USD pair turned around during the session on Thursday, taking out most of the gains from Wednesday. The British pound initially rally on Thursday but found enough resistance above to turn things around and form a hammer like candle.
The WTI Crude Oil market rallied during the day on Thursday, but gave back quite a bit of the gains. The natural gas markets initially fell during the session on Thursday, but turned around to show signs of life again.
The S&P 500 had a slightly negative session on Thursday as traders closed out the week in America. The NASDAQ 100 looks a little bit more primed for falling than the S&P 500 shortly.