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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Double top at 0.7340 in view.
Speculators who enjoy a solid rocket ride filled with danger are encouraged to wager on BTC/USD short term.
Distributive topping is a potential danger to bulls.
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The USD/BRL has produced choppy conditions during the past few days of trading.
The USD/ZAR may scare short-term speculators.
Before going into the weekend, the USD/SGD managed to sustain its bearish trend without suffering any snap reversals higher before Forex markets closed.
With the second wave of the COVID-19 pandemic intensifying, more countries announced nationwide lockdowns to avoid the total collapse of an ill-equipped healthcare system that struggled with the seasonal influenza virus in addition to the coronavirus.
Since Pakistan lacks proper COVID-19 testing capabilities, the official statistics place the world’s fifth-most populous country further down the list than actual conditions warrant.
British pound is one of the strongest major currencies.
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There is long-term resistance around 1.1900/1.2000 above.
The silver market fluctuated during the trading session on Friday as we continue to see a lot of overall back and forth.
Gold markets rallied slightly during the trading session on Friday, as we continue to see a sideways grind in general.
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The US dollar pulled back during the trading session after initially trying to rally on Friday against the Indian rupee.
The NASDAQ 100 has done very little during the trading session on Friday, as the whole week has been rather quiet.
The S&P 500 fluctuated during the trading session on Friday as traders went home for the weekend rather early based on price action.