Instinct is an important aspect of forex trading and the USD/INR from a technical perspective may lead some speculators to believe the Indian Rupee will continue to display further weakness because of its trend.
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.
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Mexican gross fixed investment plunged a record 28.9% in April over March, in seasonally adjusted terms.
The NASDAQ 100 initially sold off during the trading session on Friday, as it has been a bit of a stretch for a while.
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Singapore secured three of the Top Five private equity and venture capital deals across South-East Asia in the first quarter of 2020.
The US dollar has broken down a bit during the trading session on Friday, showing signs of weakness yet again.
Silver markets went back and forth during the trading session on Friday, showing signs of exhaustion but have broken above the $19 level, which is an area that has been difficult to deal with for some time.
The West Texas Intermediate Crude Oil market has initially pulled back on Friday to show signs of weakness but turned right back around to form a hammer.
The British pound had an interesting trading session, initially dropping during the day on Friday, and even piercing below the 200 day EMA.
The US Dollar went back and forth during the trading session on Friday, initially breaking to the upside towards the 97 level before pulling back again.
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At this point, it should be obvious that the S&P 500 can only go up under most circumstances.
The Euro went back and forth during the trading session on Friday as we tried to figure out where to go next.
The Australian dollar has gone back and forth during the trading session on Friday, forming a bit of a neutral candlestick.
Gold markets have initially tried to rally during the trading session on Friday, but then pulled back a bit to show signs of exhaustion.
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