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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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The XAU/USD pair (Gold vs. the American dollar) settled higher yesterday, marking the first rise in five trading sessions, as geopolitical concerns helped prices regain their footing.
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Check out the Forex signal for the GBP/USD pair here.
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Check out the Forex signal for the EUR/USD pair here.
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The XAU/USD declined 1% for the week as the conditions in the marketplace dulled desire for safe haven diversification. The latest reports released from the Unite States provided further evidence that the labor market and economy are strengthening.
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The WTI Crude Oil markets rose during the majority of the session on Friday, but found the $101 level to be far too resistive.
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Check out the Forex signal for the GBP/USD pair here.
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Check out the Forex signal for the EUR/USD pair here.
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The EUR/USD pair fell hard during the session on Friday, slamming into the 1.3750 support level. That being the case, the market of course looks very bearish but we now find yourselves testing support.
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The USD/JPY pair rallied during the session on Friday, bouncing off of a longer-term trend line that has been supportive over the longer term.
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The EUR/CAD pair went back and forth during the session on Friday, hovering around the 1.50 level. This is obviously a major psychologically significant number, so really doesn’t surprise me that buyers and sellers both stood up and took notice during the session.
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