Gold prices dropped $6.49 an ounce on Monday, weighed down by climbing stocks and an appreciating U.S. dollar.
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.
Most Recent
Get the NZD/USD Forex signal for August 6, 2018 here.
Get the AUD/USD Forex signal for August 6, 2018 here.
Top Regulated Brokers
Get the USD/JPY Forex signal for August 6, 2018 here.
Get the BTC/USD Forex signal for August 6, 2018 here.
old prices settled at $1213.11 an ounce on Friday, falling 0.77% on the week.
Get the USD/CAD Forex signal for August 6, 2018 here.
Get the USD/CHF Forex signal for August 6, 2018 here.
Get the GBP/USD Forex signal for August 6, 2018 here.
Bonuses & Promotions
Get the EUR/USD Forex signal for August 6, 2018 here.
The EUR/USD pair was very noisy during trading on Friday, reaching down below the 1.16 level again, and bouncing from the previous symmetrical triangle.
Bitcoin continues to struggle overall, but we did see a nice recovery during the day on Friday.
The US dollar initially tried to rally against the Japanese yen during Friday’s trading, but a weaker than anticipated jobs number did no favors for the greenback.
The S&P 500 initially fell during trading on Friday but bounced enough to rally towards the 2835 handle. I think there is a significant amount of resistance above though, especially near the 2850 level.
The WTI Crude Oil market initially fell during trading on Friday but found enough support near the $68 level to show its proclivity to stay within the consolidation area that we have seen over the last couple of weeks.