As August rolls in, the Nasdaq market is going to be looking for its footing for a more sustained move to the upside. See the forecast for the month here.
Technical Analysis
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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Silver markets have been absolutely parabolic during July, especially towards the second half of the month.
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The Australian dollar has been rallying quite a bit over the last several weeks, as we head into the month of August.
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Start the week of July 26, 2020 with our Forex forecast focusing on major currency pairs here.
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Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of July 26, 2020.
Technical Analysis
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of July 26, 2020.
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The Euro initially pulled back a bit during the trading session on Thursday, but then shot higher again to reach above the 1.16 level before struggling yet again.
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The US dollar continues to trade the bottom of the range against the Japanese yen, as we have dropped towards the ¥106.75 level.
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The S&P 500 got hit pretty hard during the trading session on Thursday, reaching down towards the 3200 level.
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The Australian dollar initially tried to rally during the trading session on Thursday but gave back the gains in order to form a slightly negative candlestick.
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The NASDAQ 100 has broken down significantly during the trading session on Thursday, reaching down towards the 10,500 level.
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The British pound initially pulled back during the trading session on Thursday but has seen support at a very familiar level near the 1.2650 level.
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The West Texas Intermediate Crude Oil market has been grinding sideways for some time, as we have seen almost nothing in the way of momentum over the last several sessions,
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Silver markets have had an extraordinarily bullish view sessions, reaching towards the $23.50 level.
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Bitcoin markets have rallied a bit during the trading session on Thursday, breaking above the 9500 level.
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