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
USD/JPY: Bulls have small edge
BTC/USD: Yet strong resistance near $10,000
Silver markets have broken higher during the trading session on Friday, slicing through the 200 day EMA like it was not even there
The Bitcoin market went back and forth during trading on Friday again, as we yet again see the $10,000 level offer a significant amount of resistance.
Gold markets have rallied significantly during the trading session on Friday, peaking above the $1750 level.
The West Texas Intermediate Crude Oil market has rallied quite a bit during the trading session on Friday again, as we continue to see bullish pressure build up
GBP/USD: Price approaching 2-month lows
EUR/USD: Persistent buying below 1.0800
South Africa is in discussions to lower its Covid-19 pandemic alert level to three by the end of May, according to its risk-adjusted reopening of the economy.
Bonuses & Promotions
With the Eurozone in a recession, Germany entered one before the rest of the bloc after fourth-quarter data was revised lower.
Preliminary Japanese first-quarter GDP data decreased less than forecast but confirmed the economy entered a recession.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 17, 2020.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of 18 may, 2020 here.
Get the weekly Forex forecast for major currency pairs for the week of May 18, 2020 here.
China reported a better than expected rebound in April industrial production, but retail sales remained depressed