With the Eurozone post-lockdown recovery losing steam in September, led by a concerning slowdown in Spain, and the second wave of Covid-19 infections
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 US dollar had initially rallied during the Thursday session against the Brazilian real, showing signs of a continuation of the bullish pressure that had been part of the market for the last several days.
The Euro went back and forth during the trading session on Thursday, as we continue to see a lot of noise in general.
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The NASDAQ 100 initially tried to rally during the trading session on Thursday but cannot quite break out to the upside.
The British pound has gone back and forth during the trading session on Thursday, as we continue to see a lot of resistance in the same general vicinity.
The stock markets have rallied a bit during the trading session on Thursday, breaking above the highs that had caused quite a bit of resistance previously.
The US dollar has rallied a bit during the trading session on Thursday but continues to struggle right around the ¥106 level.
The Australian dollar rallied a bit during the trading session on Thursday, but still stayed within the massive negative candle from the previous session.
Silver markets initially tried to rally during the trading session on Thursday but continue to find resistance in the same area that it has for quite some time.
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The West Texas Intermediate Crude Oil market has rallied again during the trading session on Thursday due to the hope of stimulus coming down the road.
Gold markets rallied just a bit during the trading session here on Thursday but continue to struggle with the idea of getting above the gap.
The return of the USD recovery contributed to halt gold gains at $1921, the highest in two weeks.
The recent GBP/USD performance continues to confirm the effectiveness of the trading strategy that we recommend in dealing with the pound pairs.
A state of risk appetite dominates the financial markets performance, of which the Forex market is an important component.
The EUR/USD is still enjoying the opportunity of an upward rebound amid clear investor risk appetite,