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Forex Technical Analysis
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Forex Technical Analysis
The continued flight of investors from risk amid fears of the rapid spread of the Corona Delta variable, which threatens the global openness, contributed to a continuous downward pressure for the EUR/USD currency pair.
Throughout the week's trading, gold futures are trying to stay above the psychological resistance level of $1800 an ounce.
During the last three trading sessions of the GBP/USD currency pair, it succeeded in compensating some of its losses, which reached the 1.3572 support level, its lowest in five months.
US Dollar and the Yen strength was negatively affected by raising fears of the rapid spread of the Corona Delta variable in sports delegations,
Proving once again that trading the USD/TRY is not for the weak of heart, the Forex pair has seen a volatile move higher in early market action this morning.
The USD/ZAR is within sight of the 15.00000 juncture in early trading as the Forex pair has sustained its higher price range.
BTC/USD Forex Signal: Strong Bullish Boost from Corporates
Bitcoin achieved a new 1-month high price near $40k.
After hitting a high last week within sight of the 1.37000 level, the USD/SGD has produced an incremental move lower.
ETH/USD has demonstrated a strong reversal which gained pace over the weekend, and the cryptocurrency is trading within sight of one-month highs.
The pair is more bullish above 1.3800.
The CAC Index recovered quite drastically during the last several sessions, with Friday closing at the absolute highs.
The DAX Index rallied significantly during the trading session on Friday to recapture the previous uptrend line that had been broken below.
Traders were willing to hang on to their positions heading into the weekend, which is a sign of confidence.
The US dollar rallied a bit during the trading session on Friday as the market has used the 200-day EMA as a bit of a magnet for price.
Bitcoin markets rallied just a bit during the trading session on Friday but gave back the gains to form a less-than-impressive candlestick.