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
New Zealand is likely to suffer long-term damages related to industry destruction from the Covid-19 pandemic.
Australian post-Covid-19 planning for the economy to prepare the country for future crises began.
USD/JPY: Pivotal point at 109.19
BTC/USD: Pivotal resistance at $7,228
GBP/USD: Price likely to test 1.2300 soon
EUR/USD: Key resistance at 1.0832
The US dollar rallied a bit against the Japanese yen during the trading session on Friday, despite the fact that the jobs number in America was absolutely miserable.
The Euro bounced a bit from a major support level just below the 1.08 handle, an area that I had been calling for a couple of the past videos now.
The NASDAQ 100 fell during the trading session on Friday as we continue to see a lot of volatility in stock indices around the world.
Bonuses & Promotions
The silver markets initially tried to rally during the trading session on Friday but pulled back a bit as the $15 level above continues to loom large.
The S&P 500 has gone back and forth during the trading session on Friday, essentially ignoring the loss of 701,000 jobs during the month of March,
Gold markets rallied a bit during the trading session on Friday after initially pulling back.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The West Texas Intermediate Crude Oil market has rallied again to close out the week on Friday, but most of that rally is probably do more to short covering than anything else.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of April 6, 2020.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 6, 2020 here.