The EUR/USD pair exploded to the upside on Friday as we continue to see the US dollar get pummeled. The British pound rallied on Friday, breaking above the 1.30 level again.
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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 WTI Crude Oil market had a very strong Friday, as we broke above the 200-day moving average finally.
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The USD/JPY pair had a reasonably quiet session during Friday, as we continue to grind overall. The Australian dollar rallied during the day on Friday, almost taking out the top of the shooting star from the Thursday session.
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The S&P 500 had a bullish session on Friday, breaking above the top of the range from Thursday after the massive selloff on Wednesday.
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Get the USD/JPY Forex signal for May 22, 2017 here.
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Get the USD/CAD Forex signal for May 22, 2017 here.
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Get the USD/CHF Forex signal for May 22, 2017 here.
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Get the GBP/USD Forex signal for May 22, 2017 here.
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Get the EUR/USD Forex signal for May 22, 2017 here.
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Gold prices settled at $1255.32 an ounce on Friday, gaining 2.23% on the week, as political turmoil in the U.S. and weakness in the dollar lent some support to the precious metal.
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Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for May 22, 2017
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 22, 2017.
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Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of May 22, 2017 here.
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Gold prices fell $14.06 on Thursday, ending a five-day streak of gains, as the dollar strengthened and stock markets recovered ground.
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The EUR/USD pair fell significantly during the day on Thursday, but it still did very little to dissuade the bullish traders out there as the 1.11 level has offered support.
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