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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A solid short-term bullish trend in the USD/SGD has demonstrated strength the past few days as forex has turned cautious.
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The British pound went back and forth during the course of the trading session on Friday.
Bitcoin markets initially fell during the trading session on Friday, reaching down towards the $13,000 level before turning around and forming a hammer.
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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