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 Spanish index during the trading session on Friday was pretty noisy and choppy, but really at this point in time, I think we're just hanging around the 11,800 euro level to run out the clock heading into the weekend.
The S&P 500 rallied a bit during the trading session on Friday, but I would also be remiss if I didn't point out the fact that we gave back about half the gains rather quickly.
During the trading session on Friday, it's been a little back and forth in this pair as we continue to hang around the crucial 200-day EMA.
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Upon opening today the USD/MXN is trading above the 20.00000 level and is within sight of highs touched in the middle of last week.
The USD/ZAR hit a high of nearly 17.86300 on Wednesday after last week, but since touching this high the currency pair has returned to a known price range amidst a nervous global Forex market.
During my daily analysis of the USD/CHF pair, I have seen a certain amount of bullish pressure that I think continues to be of importance.
In my daily analysis of the NZD/USD pair, we have seen the New Zealand dollar drop below the crucial 0.60 level, only to turn around and show signs of life.
In my daily analysis of exotic currency pairs, the US dollar looks as if it continues to threaten the Chinese yuan, as the 7.15 level above is significant resistance.
The NASDAQ 100 continues to look pretty strong on Friday, as we are breaking the 20,500 level going into the weekend.
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In my daily analysis of the EUR/USD pair, the first thing I noticed was that we did try to rally a bit but gave back the gains in order to show signs of weakness.
The EUR/USD pair has been in a strong downtrend as the US dollar index and bond yields jumped to the highest level since July.
The GBP/USD exchange rate stabilized ahead of the important US consumer confidence data and the UK budget.
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The AUD/USD pair dived to its lowest level since August 16 ahead of the US election and important economic data from the country and Australia
Bulls and bears are evenly balanced over the short term, as the price trades within a potential topping formation near long-term high prices around $70k.
Last week saw the US Dollar continue to make strong gains, while Gold reached a new record high. Markets will focus on the US Presidential election of 5th November, and NFP and GDP data releases in the USA.