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.
The EUR/USD pair initially tried to rally during the session on Friday, but found enough resistance to turn things around and form a shooting star. The GBP/USD pair initially fell on Friday, but found enough support to turn things around and form a large green candle.
The S&P 500 fell slightly during the day on Friday, as the quarter ended. The NASDAQ 100 fell during the day on Friday, but found enough buying pressure underneath to turn things around and form a hammer.
The USD/JPY pair initially tried to rally during the session on Friday but found enough resistance at the 100-day exponential moving average to turn things around.
The WTI Crude Oil market initially fell during the session on Friday, but found enough support at the $50 level to turn things around and form a hammer.
Gold started the week on a positive note, testing the $1261 level after prices climbed above the $1252/0 zone, but the failure to break through this barrier weighed on the market.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for April 3, 2017
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 3, 2017.
Check out the Forex forecast focusing on major currency pairs for the week of April 3, 2017 here.
The EUR/USD pair fell during the trading session on Thursday, and even broke below the 1.07 level during the day. The British pound has a lot of different fundamental issues facing it now.
The USD/JPY pair broke higher during the day on Thursday, breaking above the top of the hammer that formed on Wednesday. The AUD/USD pair tried to rally during the day on Thursday, but found enough resistance to turn around and fall.
The WTI Crude Oil market initially fell slightly during the day at the open on Thursday but then surged through the $50 level as it was learned Goldman Sachs is trying to squeeze the price differential between Brent and WTI markets.
The S&P 500 initially dipped at the open on Thursday, but turned around to form a bullish candle. The NASDAQ 100 had a choppy session on Thursday, but we are at a fresh, new high which of course is a very bullish sign.
Get the NZD/USD Forex Signal for March 30, 2017 here.
Get the AUD/USD Forex Signal for March 30, 2017 here.
Get the USD/JPY Forex Signal for March 30, 2017 here.
