Gold ended the week up $2.95 at $1317.93 an ounce, snapping a three-week losing streak, as a downside correction in the U.S. dollar index triggered some short-side profit taking.
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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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Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 14, 2018.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 14, 2018.
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Get the Weekly Forex Forecast for major pairs for the week of May 14, 2018.
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The EUR/USD pair rallied significantly during the day on Thursday, reaching towards the 1.1950 level.
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Bitcoin markets initially tried to rally on Thursday, but then fell towards the $9100 level. I think that the $9000 level continues to offer support though, and that extends down to the $8800 level.
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The S&P 500 broke higher during the trading session on Thursday, clearing the 2700 level and showing signs of strength.
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The WTI Crude Oil market went back and forth during the trading session on Thursday, as we continue to see a lot of volatility when it comes to the crude oil markets.
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The US dollar has initially tried to rally during the day on Thursday but found the 110 level to be massive resistance.
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Gold prices rose $8.86 an ounce on Thursday as a retreat in the dollar took some pressure off the yellow metal.
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Get the NZD/USD Forex Signal for May 10, 2018 here.
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Get the AUD/USD Forex Signal for May 10, 2018 here.
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Get the BTC/USD Forex Signal for May 10, 2018 here.
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Get the USD/JPY Forex Signal for May 10, 2018 here.
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Get the USD/CAD Forex Signal for May 10, 2018 here.
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