There will be a light news schedule this week, compared to last week which was also quite light. The only central bank input expected this week is from the Bank of Canada.
Technical Analysis
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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Gold markets rallied during the day on Thursday, showing real strength as we approached the $1250 level.
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The EUR/USD pair went back and forth during the day on Thursday. The British pound rallied during the day on Thursday, breaking above the 1.25 level.
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The USD/JPY pair fell on Thursday, testing the 112.50 level. The AUD/USD pair went back and forth during the day on Thursday, as volatility continues.
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The S&P 500 had a rather flat day, as we bounced around in a tight range. The NASDAQ 100 broke down during the day on Thursday, and although we did bounce towards the end of the day it doesn’t suggests confidence at this point.
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The WTI Crude Oil market rally during the day on Thursday, as the building inventories was less than expected. Natural gas markets tried to rally during the session on Thursday, but turned around to form a very bearish looking candle.
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Get the gold daily Forex signal for February 24, 2017 here.
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Get the EUR/CHF Forex signal for February 24, 2017 here.
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Get the ZAR/JPY Forex signal for February 24, 2017 here.
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Get the GBP/JPY Forex signal for February 24, 2017 here.
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Get the AUD/CHF Forex Signal for February 24, 2017 here.
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Get the EUR/USD Forex signal for February 23, 2017 here.
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Get the NZD/USD Forex signal for February 23, 2017 here.
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Get the EUR/CHF Forex signal for February 23, 2017 here.
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Get the CAD/CHF Forex signal for February 23, 2017 here.
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