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.
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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 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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Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of March 13, 2017.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 13, 2017.
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Get the Forex forecast focusing on major currency pairs for the week of March 13, 2017 here.
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Gold markets fell initially during the day on Thursday, testing the $1200 level.
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The EUR/USD pair rallied during the day on Thursday, testing the 50-day exponential moving average yet again.
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The S&P 500 was quiet during the session on Thursday as one would expect, due to the jobs number coming out today.
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The USD/JPY pair rallied during the day on Thursday, slamming into the 115 handle.
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The oil markets continue to struggle during the Thursday session, as the short-term rally that opened the day turned around and we broke well below the $50 level.
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Get the NZD/USD Forex signal for March 9, 2017 here.
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The EUR/USD pair continues to struggle overall, as we drifted lower during the day on Wednesday. The GBP/USD pair fell again during the day on Wednesday, as we continue to drop in this pair.
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The WTI Crude Oil market fell significantly during the day on Wednesday, as we have sliced below the 50-day exponential moving average.
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The S&P 500 fell during the session on Wednesday, but we continue to find support near the 2350 handle. The NASDAQ 100 initially fell as well, but found enough support to form a relatively positive looking candle.
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The USD/JPY pair initially fell during the day on Wednesday, but found enough support at the 50-day exponential moving average to continue bouncing.
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