During last week’s trading, the bears dominated the EUR/USD performance, as the pair plummeted to the 1.1612 support, its lowest level in more than two months.
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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Despite medium-term worries, the Indian Rupee shows resilience against the most recent rally in the US Dollar.
President Cyril Ramaphosa warned world leaders at the UN General Assembly that the pandemic set back African development.
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The S&P 500 initially fell rather hard during the trading session on Friday but has turned around at the 3200 level.
The Bitcoin market has rallied a bit during the trading session on Thursday, reaching above the 50 day EMA.
The Australian dollar initially tried to rally during the trading session on Friday, but then gave back the gains again to crash back into the 0.70 level.
The US dollar initially pulled back a bit against the Japanese yen during the trading session on Friday, but then shot higher.
The NASDAQ 100 initially dipped during the trading session on Friday, but then turned around to rally and recapture the 11,000 handle.
The Euro initially tried to rally during the trading session on Friday but gave back the gains rather quickly as we reached towards the 1.17 level.
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The West Texas Intermediate Crude Oil market continues to do absolutely nothing during the trading session other than go back and forth
Silver markets have initially dipped during the trading session on Friday but have turned around to show signs of resiliency again.
The British pound initially tried to rally during the trading session on Friday but gave back all of the gains to turn around and break back below the 200 day EMA.
Gold markets dropped a bit during the trading session on Friday again, finding the $1850 level as support yet again.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of September 28, 2020.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of September 28, 2020, here.