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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Last Friday’s US NFP report showed over 2.5 million job additions. It surprised markets and shocked economists who were, on average, predicting 8.0 million job losses.
Before the global Covid-19 pandemic, South Africa’s economy was suffering from the Eskom capacity issue, which led to ongoing blackouts,
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Gold markets broke down significantly during the trading session on Friday as the job number came out much better than anticipated.
The US dollar has rallied significantly during the trading session on Friday, as it is a continuation towards the ¥110 level, which is a large, round, psychologically significant figure.
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Volatility in the USD/CNH is poised to remain elevated. Early indications point towards China backing away from portions of the phase-one trade truce
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Today’s US NFP report is expected to result in a volatility spike and an increase in trading volume.
A series of new economic data confirms the UK has most probably embarked on a slow path to recovery from the April lows.
New Zealand was once home to one of the highest yielding currencies and a favorite for investors seeking stable income.
The Euro has hit the stratosphere during trading on Thursday and quite frankly there really is not much showing on the chart that suggests it is ready to give up the massive rally that we have seen.
The British pound was all over the place during the trading session on Thursday, as we continue to tussle with the idea of the 200 day EMA.
The US dollar has rallied a bit against the Japanese yen during the trading session on Thursday, breaking above the ¥109 level.