The silver market has rallied a bit during the trading session on Friday before given back some of the gains near the $16.00 level.
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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 German index had a bullish session during the day on Friday, as did all stock markets that we follow.
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The NASDAQ 100 has broken higher during the trading session on Friday, making a new high for the year.
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The S&P 500 has rallied quite nicely during the Friday session, despite the fact that the United States printed a job loss of 20.5 million,
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The US dollar has broken higher during the trading session on Friday, as the jobs number was not quite as horrific as once thought.
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The British pound rallied a bit during the trading session on Friday, reaching towards the 50 day EMA before pulling back a bit from the indicator.
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The Euro rallied a bit during the trading session on Friday but gave back quite a bit of the gains in order to form a bit of a shooting star.
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The Australian dollar has rallied a bit during the trading session on Friday but gave back the gains at the very highs that we had just made.
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The gold markets initially tried to rally during the trading session on Friday but then pulled back from the triangle that I have drawn on the chart
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The West Texas Intermediate Crude Oil market rallied a bit during the day on Friday after an exceedingly difficult jobs number in the United States.
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Pressure on the South African government is rising to end the nationwide lockdown. Business groups ignore health risks and urge resumption of activities,
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Mervyn King, the Bank of England Governor during the 2008 financial crisis, warns that overconfidence in a V-shaped recovery is not warranted.
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Singapore notes that the gradual reopening if its economy will be impacted by virus case numbers, testing and contact tracing, and the global condition regarding the Covid-19
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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 May 10, 2020.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of 10 may, 2020 here.
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