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
NASDAQ 100 E-mini futures have done very little during the trading session on Friday, as we continue to hang around the 9600 level.
The US dollar has done very little during the trading session on Friday, at least against the Japanese yen.
Variation in official reports from China regarding its losses due to the outbreak of the Corona epidemic lead to fluctuation in the performance of safe haven assets.
The Euro has bounced a bit during the trading session on Friday but gave back the gains late in the day to form an ugly looking candlestick.
The Australian dollar initially tried to rally during the trading session on Friday but gave back the gains a turnaround and form a bit of a shooting star.
During last week’s trading, there were more investors seeking to buy safe havens (gold, Japanese yen and to a lesser extent, the Swiss franc).
The British Pound made a surprising rise to Forex traders during last week's trading and the share of the GBP/USD pair was a strong rebound.
The S&P 500 has initially tried to rally during the trading session on Friday but gave back the gains as I got close to 3400.
The British pound has pulled back a little bit during the trading session on Friday, to reach down towards the 1.30 level.
Bonuses & Promotions
The single European currency - Euro - is still unable to stop the pace of losses against most other major currencies, with the continued weakness of the Eurozone economy led by the largest economy in the bloc, Germany.
Natural gas markets have initially fallen during the trading session on Friday but have also found plenty of support at the $1.80 level underneath.
The West Texas Intermediate Crude Oil market has rallied during the day on Friday to test the $52.50 level, an area that I think is crucial.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Gold markets have rallied again during the day on Friday, showing signs of strength yet again.
Bitcoin markets have not pulled back significantly from the $10,000 level but instead did something that is even more interesting for those looking to go along, it has gone sideways.
Covid-19 continues to threaten the global supply chain, and as volatility in gold increased, a bullish bias emerged.