Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of February 3, 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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Get the weekly Forex forecast for major currency pairs for the week of February 3, 2020 here.
The British pound initially fell during the trading session on Thursday but found enough support at the uptrend line yet again to turn around and rally.
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The Australian dollar has gotten hammered during trading on Thursday, reaching down towards the 0.67 level which of course is an area that has been important more than once.
The US dollar has pulled back a bit against the Japanese yen during the trading session on Thursday, reaching towards the ¥108.50 level.
The NASDAQ 100 broke lower during the trading session, reaching towards the 9000 level, an area that I suggested that would be supportive
The S&P 500 initially dipped during the trading session on Thursday, reaching down towards the 3250 level, an area that has been very supportive.
The Euro has had a strong session on Friday, as we continue to see the 1.10 level underneath offer plenty of support.
The FTSE 100 futures market was relatively negative during the trading session on Thursday, after the Bank of England released a mixed message by holding rates steady.
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Cotton markets pulled back a bit during trading on Thursday, to reach down towards the uptrend line
The West Texas Intermediate Crude Oil market broke down again during Thursday trading as the beat down for crude oil continues.
Gold markets have rallied again during the trading session on Thursday, initially gapping higher, but then pulled back to fill that gap before rallying yet again.
The natural gas markets broke down significantly during the trading session on Thursday as we continue to see a major downtrend.
Bank lending in Singapore remained stable in December, but fourth-quarter business expectations slumped.
Australian producer prices eased in the fourth quarter of 2019, reflecting a slowing global economy.