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 struggled at the $44 level, an area that previously was massive support. The natural gas markets initially fell during the day on Friday, but turned back around to form a massively bullish candle, breaking above the top of the shooting star from both Thursday and Wednesday.
Gold prices settled at $1232.34 an ounce on Friday, suffering a loss of $2.37 on the week, as a sharp drop in the Euro following hints of more monetary stimulus from the European Central Bank buoyed the dollar and added to pressure on gold.
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The WTI Crude Oil markets tried to break out against the $44 level, but found far too much in the way of resistance above there. The natural gas markets initially tried to rally during the day on Thursday, but turned back around to form a shooting star.
The EUR/USD pair initially rallied during the day on Thursday, but turned back around to form a massive shooting star. The GBP/USD pair initially tried to rally during the course of the day, but turned right back around to form a shooting star on the Thursday trading session
The USD/JPY pair fell during the day on Thursday, as we continue to see quite a bit of resistance at the 110 level in order to keep the market lower. The AUD/USD market initially tried to rally during the course of the day on Thursday, but turned back around to fall significantly.
The S&P 500 initially tried to rally during the day on Thursday but struggled and turned back around to fall well below the 2100 level. The NASDAQ 100 also tried to rally but found the 4560 level be far too resistive, and then turned right back around to form a relatively negative candle.
Gold settled slightly higher at the end of a volatile session yesterday.
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The EUR/USD pair initially tried to rally during the day on Wednesday but turned right back around to form a fairly negative candle. The GBP/USD pair had a back-and-forth session essentially settling nothing.
The USD/JPY pair rose during the course of the day on Wednesday, as we continue to reach towards the 110 level. The AUD/USD pair rose during the course of the day on Wednesday, testing the top of the shooting star from the Tuesday session.
