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
Natural gas markets initially fell during the trading session on Friday to pierce the $2.20 level.
The Euro has exploded to the upside during the trading session on Friday, slicing through the 200 day EMA and even reaching towards the 1.12 level.
The US dollar has fallen a bit during the trading session on Friday, showing signs of weakness for the short term, but when you look at the daily chart you can see that we are clearly testing the ¥109.50 level for a bit of “balance.”
The British pound has rallied significantly during the trading session on Friday, to break back above the crucial 1.30 level.
The Australian dollar rallied a bit during the trading session on Friday, getting about 40 pips.
AUDUSD: Very bullish but round number ahead at 0.7000
The S&P 500 rallied a bit during the trading session on Friday, but then gave back the gains as we have gotten a bit of an overextension.
The NASDAQ 100 rallied a bit during the trading session on Friday, to finish the week testing the 8800 level.
Gold markets look like they are ready to pull back a bit during the next couple of days.
Bonuses & Promotions
USDJPY: Bearish below 108.96
Bitcoin is very unlikely to do much during the remainder of the year, as we continue to hang around the $7200 level.
Bitcoin: Bearish head & shoulders would complete below $7,000
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Sign up to get the latest market updates and free signals directly to your inbox.US Dollar weakness may be one of the key trends in the Forex market for 2020, but the current sell-off in the world’s top reserve currency appears ripe for a short-term bounce.
January will feature Brexit and usher in the transition period, which is officially ending on December 31st 2020.
Bearish momentum is accumulating after this currency pair pushed into its resistance zone on the back of the low volume.