Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 21, 2019 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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Start the new trading week of October 21, 2019 prepared with our Forex forecast for major currency pairs here!
While Bitcoin has dragged down the overall cryptocurrency market, Ripple managed to outperform as solid fundamental overcame peer pressure.
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With US economic disappointments picking up in October and doubts about the US-China trade truce on the rise, the US Dollar has been pressured to the downside
The NASDAQ 100 has gone back and forth during the trading session on Thursday, trying to break above the 8000 level which of course has a significant amount of resistance at it.
The US dollar went back and forth during the trading session on Thursday as we continue to dance around the 200 day EMA.
The Australian dollar has shot straight up in the air during the trading session on Thursday, reaching towards the 0.6825 handle late in the day.
The Euro rallied a bit during the trading session on Thursday to reach towards the 1.1130 level, before running into a little bit of resistance.
The British pound went back and forth during the trading session on Thursday, as it was reported that Boris Johnson agreed to a deal in principle with the European Union, which now has to be ratified in Parliament.
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The US dollar has fallen significantly during the trading session on Thursday, using the 50 day EMA as resistance against the South African Rand.
Looking at the West Texas Intermediate market, you can see that we have rallied a bit during the trading session.
The Gold markets initially fell during the trading session on Thursday, dipping down towards the uptrend line underneath that makes up a larger wedge that I have drawn on the chart.
Natural gas markets initially rallied during the trading session on Thursday, as the inventory numbers came out.
The S&P 500 is going to continue to rally towards the upside but overall it’s likely that there is a lot of resistance extending to the 3025 level.
Today is the second and final day of the EU summit which yielded a new Brexit deal yesterday.