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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 WTI Crude Oil market rallied at the beginning of the Friday session, but found the $50 level to be too resistive.
The S&P 500 rallied on Friday, as it looks very likely to continue to go higher. The NASDAQ 100 broke higher during the day on Friday, breaking above the top of the hammer from the Thursday session.
The USD/JPY pair rallied initially during the day on Friday after we had a very strong jobs number. The Australian dollar rallied during the day on Friday, testing the 0.75 level and finding massive support.
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The EUR/USD pair broke higher during the session on Friday, as the 1.07 level has been tested. The GBP/USD pair fell initially during the day on Friday, but found enough support underneath to turn things back around.
Gold prices settled at $1204.32 an ounce, falling 2.32% over the course of the week, as pressure from a stronger dollar weighed on investor appetite for the precious metal.
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Gold markets fell initially during the day on Thursday, testing the $1200 level.