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.
Most Recent
The NASDAQ 100 has gone back and forth during the trading session on Friday as we continue to see a lot of bullish pressure due to the fact that the US dollar is crashing.
The British pound has broken out significantly during the trading session on Friday, slicing through the shooting star during the trading session on Thursday.
The S&P 500 initially tried to rally during the trading session on Friday but did pull back a little bit from the 3500 level which is a large, round, psychologically significant figure.
Top Forex Brokers
The Aussie dollar has broken out during the trading session on Friday as we continue to see a lot of anti-US dollar negativity out there.
The silver markets have initially pulled back during the trading session on Friday but found enough strength to turn around and rally towards the $28 level.
The West Texas Intermediate Crude Oil market has done almost nothing over the last several days, other than to grind sideways and drift slightly higher.
The US dollar has broken down significantly during the trading session on Friday again as Jerome Powell on Thursday suggested that the bar to raising higher interest rates was even higher than it had been previously.
The gold markets rallied a bit during the trading session on Friday, as we continue to see a lot of bullish pressure in a market that continues to react to the Federal Reserve and its ultra-loose monetary policy.
EUR/USD: Yet strong resistance at 1.1917
Bonuses & Promotions
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 30, 2020.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 30, 2020 here.
Start the week of August 30, 2020, with our Forex forecast focusing on major currency pairs here.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The US dollar has been drifted lower against the Indian rupee for some time now, but as we drift into September there will be a lot of questions when it comes to whether or not we can continue this move.
The Brazilian real is a very interesting currency to watch, because Brazil has a horrible infection rate when it comes to the coronavirus.
The US dollar has had a rough couple of weeks heading into September against multiple currencies, not just the South African Rand.