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
Oil prices tanked to start the new trading week after a report labeled the US oil sector dire. It confirmed that OPEC+ has no control of the market.
Andrew Bailey, the Bank of England Governor, acknowledged the second-quarter GDP contraction of 35% outlined by the Office of Budget Responsibility (OBR) was within reason.
Australian Prime Minister Morrison and his government is exploring options to pay for the massive stimulus announced in response to the global Covid-19 pandemic.
BTC/USD: Support near $7,000 looks strong
GBP/USD: Support at 1.2411 still looks strong
EUR/USD: Supportive area near 1.0820
The Euro initially fell a bit during the trading session on Friday but then turned around to rally as the market reached towards the 1.09 level.
The US dollar has gone back and forth during the trading session on Friday, as we continue to see a lot of choppiness in this market.
The US dollar has gone back and forth in a rather volatile session on Friday against the Indian rupee, as well as many other currencies.
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The British pound initially pulled back during the trading session on Friday but turned around to reach slightly above the 1.25 level.
The Australian dollar rallied a bit during the trading session on Friday, as the world celebrated the announcement from Donald Trump that the United States may open up
The NASDAQ 100 gapped higher to kick off the trading session on Friday, after President Donald Trump suggested that the US economy could get back to work much quicker than people anticipated.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 is going to test a gap, regardless of which direction it moves now.
The silver markets fell during the trading session on Friday, reaching towards the $15 level, an area that I think is crucial, as it has previously been resistance,
We rolled over to the June contract at the end of the session on Friday, so this is the chart that we are looking at.