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EUR/USD

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The euro fell a bit during the trading week, as the 1.05 level offered a bit of a ceiling. The EUR/USD currency pair fluctuated in response, as it demonstrated a high amount of volatility in general. When you look at the chart, you can see that the area above the 1.05 mark has been providing resistance, extending all the way to the 1.06 level. This market will not be due for a trend change until that level is broken through.

Gold

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Gold markets once again rallied throughout the week, as the space witnessed a lot of upward pressure. At this point, gold could start looking toward the $3000 level.

A short-term pullback could serve as a buying opportunity, with the $2900 figure being a potential support level. Underneath there, the $2800 level appears to be offering support, as it had previously served as major resistance. That being said, I think that level would be the bottom of the overall trend at the moment.

Silver

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Silver initially rallied for most of the week, but there seems to be a large amount of noise waiting above. It looks like this market may continue to struggle. 

The area above the $32.50 level appears to be massively resistant, and I believe silver would probably need gold to rally as well in order to continue moving higher. Quite frankly, this is a market that looks tired, and it could very well pull back from here. A breakdown below the $31 level could see the gray metal reach towards the 50-week EMA underneath.

USD/JPY

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The US dollar plummeted against the Japanese yen during the trading week, as it broke well below the JPY150 level. It now looks ready to close the week out at the JPY149 level. 

A further break from this point could see the market drop down to the JPY145 level, followed by the JPY140 area. The JPY140 level has previously been a significant figure, and it could see a bit of support due to the presence of the 200-week EMA.

USD/CAD

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The US dollar rallied a bit during the course of the trading week, as the 1.42 level continued to draw attention. If it could break above the highs of the week, then I think the next target would likely be the 1.43 level, which is an area that has previously offered support. 

A break above that figure could open up the door to the 1.45 level above. The market seems to have stabilized a bit. Therefore, I think the space could see a little bit of a bounce back.

USD/CHF

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The US dollar initially tried to rally against the Swiss franc during the week, as it broke above the 0.90 level. However, the market has since given up those gains, and it now seems like the US dollar could be in serious trouble.

If it were to break down below the 0.89 level, then such a move could spark another plunge. On the other hand, a break above the top of the candlestick for the week could see the US dollar attack the 200-week EMA, or perhaps even the 0.92 level above.

AUD/USD

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The Australian dollar rallied a bit during the week, but it gave back almost all of those gains, as it formed a bit of a shooting star structure for the week. This, of course, is a very negative turn of events.

If it were to break down below the bottom of the candlestick for the week, such a move could open up a drop to the 0.62 level. On the other hand, a break above the candlestick could spark a move towards the 0.65 area, which is where the 50-week EMA can be found.

USD/MXN

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The US dollar rallied a bit against the Mexican peso during the trading week, as it continued to move back and forth in a consolidation area. It seems there is still a long way to go before the Mexican economy can turn around. I think that the currency pair will likely stay in the range between the MXN20 level and the MXN21 mark going forward.

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