The US dollar exploded to the upside during the day on Friday as it appears that Donald Trump is going to nominate a hawkish Federal Reserve Chairman, which of course is bullish for the US 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
The S&P 500 exploded to the upside during the day on Friday as it was announced that tax deals may be happening in Washington DC.
The WTI Crude Oil market initially fell during the Friday trading session, but found enough support underneath that the $50.80 region to turn around and form a nice-looking hammer.
Top Regulated Brokers
Get the USD/JPY Forex signal for October 23, 2017 here.
Check out the USD/CAD Forex signal for October 23, 2017 here.
Get the GBP/USD Forex signal for October 23, 2017 here.
Get the EUR/USD Forex signal for October 23, 2017 here.
Gold ended the week down 1.77%, giving up most of the previous week’s gains, as a rally in the U.S. dollar index weighed on the market and drew investors away from the precious metal.
Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 23, 2017.
Bonuses & Promotions
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 23, 2017.
Get the Forex forecast for the week of October 23, 2017, featuring which pairs to pay close attention to during the week.
The EUR/USD pair broke out during the trading session on Thursday, slicing above the 1.18 level above. The British pound initially tried to rally during the day on Thursday, but found the 1.3250 level to be resistive.
The US dollar fell significantly during the session on Thursday, reaching towards the 112 level. The Australian dollar rallied during the session on Thursday, reaching towards the highs from last week.
The S&P 500 initially fell during the Thursday session, but found enough support near the 2545 level to turn things around and rally significantly.
The WTI Crude Oil market fell during the day on Thursday, reaching towards the $51 level. Natural gas markets fell precipitously during the trading session on Thursday, reaching down to the $2.77 level.