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.
The EUR/USD pair fell rather significantly during the course of the session on Friday, breaking to the 1.09 level at one point. The GBP/USD pair initially tried to rally on Friday, but the area above the 1.40 level was a bit too resistive to let the market continue going higher.
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Gold ended the week down by 0.24% at $1222.30 an ounce but it rose nearly 9.5% in February.
The S&P 500 initially fell on Thursday, but as you can see turned back around and form a rather bullish candle. The Nasdaq 100 chart looks exactly the same as the S&P 500, as we have broken above the 4200 level.
The USD/JPY pair initially fell during the course of the day on Thursday, but found enough support near the 112 level to turn things around and form a hammer. The NZD/USD pair rose during the course of the session on Thursday, slamming into the top of the recent consolidation area.
During the day on Thursday, the EUR/USD pair fell a bit during the course of the day, but found enough support to turn things back around and form a bit of a hammer. The GBP/USD pair went back and forth during the day on Thursday as well, as we continue to hover just below the 1.40 level.
The WTI Crude Oil market initially fell during the day on Thursday, but found enough support near the $31 level to turn things back around. The natural gas markets initially tried to rally during the course of the day on Thursday, but turned back around and fell well below the $1.80 level.
Gold prices rose for a third day in a row but remain coiled within the recent trading range as stock markets regained strength from an upturn in crude oil.
Get the NZD/USD Forex Signal for February 25, 2016.
Get the AUD/USD Forex Signal for February 25, 2016.
Get the USD/JPY Forex Signal for February 25, 2016.
Get the USD/CAD Forex Signal for February 25, 2016.
Get the USD/CHF Forex Signal for February 25, 2016.
