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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The NASDAQ 100 had a miserable day on Friday as there was more of a “risk off” feel to the technology stocks, which is interesting considering they have not let the market go higher for the longest time.
The US dollar has rallied a bit during the trading session on Friday, as the Dollar continues to build a bit of a base against the Canadian dollar.
AUD/USD: key risk sentiment barometer
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The Australian dollar has broken down a bit during the trading session on Friday, slicing through the 50 day EMA as the world got wind of the president of the United States contracting the coronavirus.
The S&P 500 has fallen during most of the session on Friday as it was announced that Donald Trump has corrected coronavirus, with a particular emphasis on selling during the Globex session.
USD/JPY: Short-term bullish trend
BTC/USD: Reversals from price extremes likely to be best strategy
Silver markets have gone back and forth during the trading session on Friday, as we cannot quite decide what to do with the $24 level.
GBP/USD: Pound has stabilized against the Euro
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EUR/USD: Very strong resistance holding at 1.1775
The Euro fell during most of the session but did find marginal support at the 1.17 level.
The gold markets have gone back and forth during the trading session on Friday, essentially deciding nothing at the 50 day EMA.
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The West Texas Intermediate Crude Oil market has fallen a bit during the trading session on Friday, reaching down towards the $37 level, only to bounce slightly towards the end of the day.
British pound traders were all over the place during the trading session on Friday as the jobs number came out and word got out that Donald Trump has contracted the coronavirus.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 4, 2020.