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Forex Technical Analysis
Forex Technical Analysis
With the second Covid-19 wave of infections rampaging across Europe and globally, while the economy is under significant stress,
Indonesia lacks adequate Covid-19 testing capabilities or refuses to deploy them amid protests, and the police response to them, against President Joko Widodo and his Omnibus law.
The Euro fell during the trading session on Thursday, as we have seen the US dollar pick up a little bit of strength in general.
The S&P 500 initially fell during the trading session on Thursday to reach down towards the 3400 level.
The British pound pulled back a bit during the trading session on Thursday as we continue to see a lot of noise in general.
The NASDAQ 100 has pulled back during the previous Globex session to show signs of weakness and an attempt to reach down towards the 11,500 level.
The Bitcoin market has gone back and forth during the course of the trading session on Thursday, as we continue to see a lot of volatility when it comes to the idea of whether or are not getting some type of stimulus coming out the United States.
The silver markets have gone back and forth during the trading session on Thursday, as we continue to see the markets look for solutions to whether or not we are going to get some type of stimulus
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Thursday, as we continue to go back and forth in trying to find some type of momentum
The Australian dollar initially pulled back a bit during the trading session on Thursday, dipping below the 0.71 handle.
The US dollar rallied a bit during the trading session on Thursday, as it looks like we are going to go looking towards the ¥105 level.
Gold markets fell during the trading session on Thursday, slicing through the $1900 level one point before bouncing a bit.
Investors' giving up the US currency temporarily contributed to an upward rebound in the EUR/USD, to the 1.1880 resistance, its highest level in more than a month, before settling around 1.1845 at the time of writing.
Gold prices attempts to rebound during yesterday's trading session culminated in testing the resistance at $1932 an ounce.
By more than 200 points, the GBP/USD pair recorded sharp gains during yesterday's trading session, as it retreated from the 1.2937 support to the 1.3176 resistance before the pair stabilized around 1.3130 at the time of writing.