Start the week of October 4, 2020, with our Forex forecast focusing on major currency pairs here.
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 broke higher during the trading session on Thursday, slicing through the 11,500 level.
The US dollar went higher initially during the trading session on Thursday but continues to struggle near the ¥106 level.
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The S&P 500 has rallied a bit during the trading session on Thursday but gave back the gains as we got closer to the 3400 level.
The Australian dollar has rallied significantly during the trading session on Thursday, reaching towards the 0.72 level where we do have a bit of trouble.
The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Thursday, slamming into the $38 region.
The British pound has been all over the place during the trading session on Thursday as we continue to see a lot of volatility.
The Euro initially tried to rally during the trading session on Thursday, especially after a few blurbs came out that the UK and the EU were optimistic about reaching some type of Brexit terms.
The silver markets have rallied a bit during the trading session on Thursday, reaching towards the $24 level.
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Bitcoin markets initially tried to rally during the trading session on Thursday but continue to find the $11,000 level to be a bit too much to overcome.
The gold markets rallied significantly during the trading session on Thursday as we continue to see a lot of concern out there when it comes to global growth,
Many countries are reporting an alarming increase in Covid-19 infections. Singapore maintains relative control over the pandemic
Switzerland reports an uptick in Covid-19 cases, but at a smaller pace than most of its European counterparts
After three trading sessions in a row, the EUR/USD pair moved in an upward correction performance that tested the 1.1755 resistance.
The halting of the US dollar's gains contributed to an upward correction in the gold prices towards the $1900 resistance before settling around $1896 per ounce at the time of writing.