Gold ended the week up by 2.5% at $1197.79 an ounce, recoding a third consecutive weekly gain, as the American dollar’s weakness made gold more popular.
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 EUR/USD pair rallied during the session on Thursday, testing the 1.07 level above. The British pound initially tried to rally during the session on Thursday, but found enough resistance above the 1.23 level to turn things back around and form an exhaustive candle.
The WTI Crude Oil markets rallied during the session on Thursday, but continues to see quite a bit of resistance above. The natural gas markets rallied during the session on Thursday, extending all the way to the $3.45 level above.
The S&P 500 fell during the session on Thursday, testing the 2250 handle. The NASDAQ 100 fell during the day as well, and just like the S&P 500 found support.
The USD/JPY pair fell during the session on Thursday, breaking below the 115-support barrier. The Australian dollar rallied on Thursday, crashing into the 0.75 resistance barrier.
Gold prices ended Thursday's session up $4.48, extending gains to a fourth straight session, as the dollar continued to slide.
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Get the NZD/USD Forex signal for January 12, 2017 here.
Get the AUD/USD Forex signal for January 12, 2017 here.
Get the USD/JPY Forex signal for January 12, 2017 here.
Get the USD/CAD Forex signal for January 12, 2017 here.
Check out the USD/CHF Forex signal for January 12, 2017 here.
Get the GBP/USD Forex signal for January 12, 2017 here.