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Forex Technical Analysis
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 24, 2019.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 14, 2019 here.
Start the new trading week of September 11, 2019 prepared with our Forex forecast for major currency pairs here!
After a breakout sequence which took BTC/USD out of its support zone and above its 38.2 as well as 50.0 Fibonacci Retracement Fan Resistance Levels
The Australian dollar has initially pulled back during the trading session on Thursday, but then rallied rather significantly to break above the 0.6750 level again.
The Euro has had a very strong session on Thursday, breaking above the 1.10 level finally.
The British pound has rocketed higher during the trading session on Thursday as rumor mill participants have been kicking it into high gear via Twitter.
Gold markets have initially tried to break out during the trading session on Thursday as a rumor came out that the Chinese were going to leave the trade talks a day early.
The West Texas Crude Oil market is likely to find sellers above after a very positive session on Thursday.
The bitcoin markets did very little during the trading session on Thursday, hanging about the $8500 level.
The S&P 500 will of course continue to be volatile as we have the Americans and the Chinese sitting down to talk in Washington DC.
The NASDAQ 100 initially fell during trading on Thursday, reaching down towards the uptrend line underneath.
Natural gas markets initially tried to rally during the trading session on Thursday as we had reached significant support, but at this point we have turned around to show signs of weakness yet again.
The US dollar has initially fallen during the trading session on Thursday as it was suggested on Twitter that the Chinese were going to be leaving the trade talks a day early.
As the second and final day of US-China trade talks will be followed closely, safe haven currencies such as the Swiss Franc were under selling pressure.