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Forex Technical Analysis
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Forex Technical Analysis
SHIB/USD has gained an impressive amount of value the past handful of days, it has also lost some ground short term, but that is relative and speculators remain amused.
In early trading this morning, the USD/ZAR climbed to a short-term high within sight of the 14.90000 ratio, but since achieving this rebound the Forex pair has moved lower again.
The 75.0000 trading juncture for the USD/INR remains a focal point and could intrigue speculators regarding potential volatility that may ignite short term.
The USD/SGD has trended lower again in early trading today as the Forex pair demonstrates a bearish trajectory, but also has managed to produce choppiness.
Friday showed the gold's instability, as it jumped to the $1814 resistance level, then quickly collapsed to the $1783 support and started this week around $1800.
For the fourth day in a row, the USD/JPY is undergoing profit-taking after its recent gains.
The GBP/USD was sold off at the end of last week, pushing the pair to the 1.3736 support level, and then rebound gains pushed it towards the 1.3835 resistance level, its highest in a month.
With the beginning of this week's trading, the EUR/USD is still stable around 1.1655, where it closed last week.
There is selling pressure above $63k.
The descending trend line may hold the price below the $1.3800 area.
WTI Crude Oil Forecast: Finding Buyers On Every Dip
The West Texas Intermediate Crude Oil market pulled back ever so slightly on Friday, only to turn around and show signs of extreme strength yet again.
The US dollar fell a bit on Friday only to turn around and show signs of life.
The FTSE 100 went gone back and forth throughout last week, and Friday was no different.
The S&P 500 had a somewhat neutral trading session on Friday, as we have been hanging around just above the 4500 level.
The NASDAQ 100 fluctuated on Friday as we continue to hang around just below the 15,400 level.