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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Forex Technical Analysis
Start the week of August 2, 2020 with our Forex forecast focusing on major currency pairs here.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 2, 2020 here.
The Euro initially fell during the trading session on Thursday to reach down towards the 1.17 level.
The NASDAQ 100 is very volatile to say the least, especially considering that after hours on Thursday there will be a slew of announcements when it comes to the earnings season
The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as we continue to see a lot of trouble when it comes to the US dollar in general.
The Australian dollar initially fell during the trading session on Thursday but found support again as we have turned around and exploded to the upside.
The S&P 500 has fallen a bit during the trading session on Thursday but found a significant amount of support at the 20 day EMA.
The British pound has shot straight up during the day after initially pulling back, as we have seen the US dollar get absolutely hammered.
Silver markets pulled back a bit during the trading session on Thursday to test the $23 level.
The West Texas Intermediate Crude Oil market fell rather hard during the trading session on Thursday, perhaps in response to the US dollar spiking in value initially.
Gold markets have shown strength, rallying right off the bat in order to show strength again, but then fell to fill the gap before finding buyers.
The Indian rupee has done very little over the last couple of days as we continue to dance around the ₹74.50 level,
Mexico reported its fifth consecutive GDP contraction with a historic 18.9% drop in the second quarter.
The IMF approved the emergency financial assistance after South Africa entered a crisis for which it requires outside capital. Get today's analysis here.
The bullish momentum still dominates the EUR/USD performance, and during yesterday's trading, it pushed towards the 1.1800 resistance, which confirms the extent of the bulls' control over the performance, with continued pressure on the American currency.