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 single European currency - Euro - is still unable to stop the pace of losses against most other major currencies, with the continued weakness of the Eurozone economy led by the largest economy in the bloc, Germany.
Natural gas markets have initially fallen during the trading session on Friday but have also found plenty of support at the $1.80 level underneath.
The West Texas Intermediate Crude Oil market has rallied during the day on Friday to test the $52.50 level, an area that I think is crucial.
Gold markets have rallied again during the day on Friday, showing signs of strength yet again.
Bitcoin markets have not pulled back significantly from the $10,000 level but instead did something that is even more interesting for those looking to go along, it has gone sideways.
Covid-19 continues to threaten the global supply chain, and as volatility in gold increased, a bullish bias emerged.
Economic data out of the UK has been stronger than markets anticipated, adding to upside momentum in the British Pound.
Preliminary fourth-quarter GDP data out of Japan showed a steeper contraction than expected, driven by a slump in business spending and private consumption.
Singapore’s fourth-quarter GDP surprised to the upside, followed by a dominant reading for January non-oil exports.
Bonuses & Promotions
AUD/USD: Consolidating above 0.6706
USD/JPY: Long-term resistance 110.07/30
BTC/USD: More bearish below $10k
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EUR/USD: New 2.5-year low price reached Friday
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of February 17, 2020.