Get the weekly Forex forecast for major currency pairs for the week of April 27, 2020 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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India resists a massive fiscal stimulus, as favored in developed economies. It attempts to walk a fine line between building a bridge for the most vulnerable sectors,
Short-term concerns pressured the US Dollar higher as liquidity concerns remain, and the US Federal Reserve is printing money at a record pace.
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US initial jobless claims continue to mount, with next week’s data likely to surpass 30 million job losses over two months due to the global Covid-19 pandemic
Preliminary PMI data out of the UK indicated a steep slowdown, mirrored across Europe, Australia, and the US, due to the global Covid-19 pandemic.
The Australian dollar initially pulled back a bit against the US dollar during the trading session on Thursday, but then rocketed towards the 0.64 handle later in the day.
The Euro initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains as the market reached towards the 1.0850 level.
The British pound initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains to form a bit of a shooting star.
The S&P 500 rallied a bit during the trading session on Thursday but gave back the gains in order to form a bit of a shooting star.
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The NASDAQ 100 initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains in order to form a massive shooting star.
The US dollar has gone back and forth during the trading session on Thursday, as we continue to see a lot of noise around the ¥108 level.
The silver markets initially tried to rally during the trading session on Thursday but gave back a lot of the gains as we reached the 50 day EMA.
During the trading session on Thursday, the US dollar dropped below the 75 ruble level during trading, but also found enough support underneath
The West Texas Intermediate Crude Oil market rallied during the trading session initially on Thursday but did reach towards the $20 level
Gold markets initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains above the $1750 level.