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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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Gold prices ended Wednesday’s session up $3.80 an ounce, extending their gains to a third-straight session, after Federal Reserve Chair Janet Yellen signaled a cautious approach to further monetary tightening.
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The EUR/USD pair rallied on Tuesday, breaking towards the 1.15 level. The British pound initially tried to rally, but turned around after Broadbent failed to mention anything about monetary policy.
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Gold prices rose yesterday, edging further away from a 4-month low struck earlier this week, as the dollar weakened ahead of an appearance by Federal Reserve chair Janet Yellen in front of a congressional committee.
The US dollar rallied against the Japanese yen during most of the session, but turned around to form a bit of shooting star. The Australian dollar rallied during the day, breaking above the 0.7625 level, which is an area where we have seen a lot of resistance.
The WTI Crude Oil market initially fell during the day on Tuesday, but turned around to form a very bullish sign. Natural gas markets rallied during the day, breaking above the $3.00 level.
The S&P 500 fell rather dramatically during the day on Tuesday, as word got out that Donald Trump Junior had to release emails involving Russia.