Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 12, 2020 here.
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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Russia is forecast to contract by 6.0% in 2020 due to the Covid-19 pandemic, the worst decline since 2009.
Norway’s economy recovered in May as the government eased lockdown restrictions, following two months of steep declines.
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The US dollar went back and forth during the trading session on Thursday, as we continue to see a lot of noise in this pair.
The Australian dollar initially tried to rally during the trading session on Thursday but as you can see the 0.70 level has caused a bit of trouble yet again
The US Dollar Index has fallen initially during the trading session on Thursday but continues to find support at the critical 96 handle.
The British pound rallied initially during the trading session on Thursday but gave back quite a bit of the gains in order to form a bit of a shooting star.
The Euro rallied a bit during the trading session on Thursday initially but turned around and the 1.1350 area yet again to show signs of exhaustion.
The S&P 500 has fallen rather hard during the trading session on Thursday, but by the time the market closed we had recovered about half of the losses.
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The NASDAQ 100 has had a rough trading session on Thursday, initially breaking down towards the 10,550 level before rallying again
The West Texas Intermediate Crude Oil market broke down a bit during the trading session on Thursday, which is good news considering how we had been struggling
The silver markets have struggled a bit during the trading session on Thursday, initially shooting towards the $19.50 level before pulling back.
The gold market has pulled back a bit during the trading session on Thursday as we reached towards the $1800 level.
For the fourth consecutive day, the EUR/USD continues to correct upward with gains that pushed it towards the 1.1370 resistance, its highest level in a month, where it is stable around at the time of writing.
As expected, gold prices continued to achieve gains and have reached to $1797 an ounce, the highest level for in nine years, and is now closer than ever to the psychological resistance of $1,800 an ounce.