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 US dollar has initially rallied during the trading session on Friday but then broke down rather significantly.
The Euro rallied significantly during the trading session on Friday to test the 1.19 level above.
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The NASDAQ 100 has gone back and forth during the trading session on Friday as we continue to see a lot of bullish pressure due to the fact that the US dollar is crashing.
The British pound has broken out significantly during the trading session on Friday, slicing through the shooting star during the trading session on Thursday.
The S&P 500 initially tried to rally during the trading session on Friday but did pull back a little bit from the 3500 level which is a large, round, psychologically significant figure.
The Aussie dollar has broken out during the trading session on Friday as we continue to see a lot of anti-US dollar negativity out there.
The silver markets have initially pulled back during the trading session on Friday but found enough strength to turn around and rally towards the $28 level.
The West Texas Intermediate Crude Oil market has done almost nothing over the last several days, other than to grind sideways and drift slightly higher.
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The US dollar has broken down significantly during the trading session on Friday again as Jerome Powell on Thursday suggested that the bar to raising higher interest rates was even higher than it had been previously.
The gold markets rallied a bit during the trading session on Friday, as we continue to see a lot of bullish pressure in a market that continues to react to the Federal Reserve and its ultra-loose monetary policy.
EUR/USD: Yet strong resistance at 1.1917
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