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 WTI Crude Oil market went back and forth during the course of the Friday session, in reaction to the volatility that we normally see during a Nonfarm Payroll Friday. The natural gas markets initially fell during the day on Friday but turned around to form a nice-looking hammer.
Gold ended the week down $2.64 at $1288.56 an ounce as hawkish comments from Fed officials weighed on the market.
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The EUR/USD pair fell rather significantly during the course of the session on Thursday, crashing into the 1.14 handle. The British pound did very little during the day on Thursday, as we continue to bounce around just below the 1.45 level.
The S&P 500 initially tried to rally during the course of the day on Thursday, but struggled at the 2060 handle.The NASDAQ 100 of course it did the same thing, rallying initially during the course of the session on Thursday, but then turned right back around to form a shooting star.
The WTI Crude oil market initially tried to rally during the day on Thursday, but the $46 level was a bit too resistive. Natural gas markets initially tried to rally during the day on Thursday, but then turned right back around to form a relatively negative candle.
The USD/JPY pair rose slightly during the course of the day on Thursday, but still remains fairly well surprised. The Australian dollar initially tried to rally during the day on Thursday, but struggled at the 0.75 level.
During the session on Friday, we get the Nonfarm Payroll Numbers out of the United States, so that of course will have a significant effect on what goes on with the US dollar.
Get the NZD/USD Forex signal for May 5, 2016 here.
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Get the USD/JPY Forex signal for May 5, 2016 here.
Get the USD/CAD Forex signal for May 5, 2016 here.
Get the USD/CHF Forex signal for May 5, 2016 here.
