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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Amid the lack of testing, South Africa reports relatively small daily Covid-19 infections compared to Europe and the US, but it remains the most infected country in Africa.
The silver markets have rallied a bit during the trading on Friday, breaking above the top of the hammer from the previous session.
Gold markets rallied a bit during the trading session on Friday, breaking above the top of the candlestick for the Thursday session.
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EUR/USD: New coronavirus lockdowns in Eurozone weakening Euro
India continues its gradual recovery with the manufacturing PMI for October clocking in at 58.9, well above expectations for a slowdown to 55.4 from the 56.8 printed in September.
The Euro initially tried to rally during the trading session on Friday, but then gave back quite a bit of the gains as soon as we got close to the psychologically and structurally important 1.17 handle.
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While Brazil does not experience the second wave of Covid-19 infections, the largest economy in Latin America has little time to prepare.
Mexico surpassed 900,000 Covid-19 infections, and Mexican President López Obrador calls for more interest rate cuts by the Banco de México to assist the gradual economic recovery.
The Euro initially tried to rally a bit during the trading session on Thursday, but then broke down as the 50 day EMA offered a bit of resistance.
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The NASDAQ 100 has rallied a bit during the trading session on Thursday, reaching towards the 50 day EMA.
The British pound initially tried to recover the losses from the previous session on Thursday, but then found the area above the 1.30 level to be far too expensive to hang onto.
The S&P 500 has gone back and forth during the trading session on Thursday, stabilizing a bit after the extreme negativity during the Wednesday session.