Thursday, August 13, 2020

Signals and Analysis from the DailyForex Trading Room - August 13, 2020

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Latest Market Analysis
WTI Crude Oil Forecast: Grinding Slightly Higher - 13 August 2020
2020-08-13 06:37:25

The West Texas Intermediate Crude Oil market rallied slightly during the trading session on Wednesday, as we continue to see a lot of momentum to the upside.

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AUD/USD Forecast: Recovering Nicely on its Way to the Highs - 13 August 2020
2020-08-13 06:28:22

The Australian dollar initially pulled back a bit during the trading session on Wednesday but found enough support near the 0.71 level to turn around and rally quite nicely.

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EUR/USD Technical Analysis: The USD Strength Challenged - 12 August 2020
2020-08-12 12:40:36

For four trading sessions in a row, the EUR/USD pair was in a downward correction range that pushed it towards the 1.1710 support at the time of writing.

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GBP/USD Technical Analysis: Awaiting Important Data Results - 12 August 2020
2020-08-12 12:31:22

UK employment data is the first of two major economic releases due this week, and interest is likely to wane when the GDP statistics are released today.

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Gold Technical Analysis: When Can We Buy Again? - 12 August 2020
2020-08-12 12:18:13

Gold futures ended yesterday's trading sharply lower in light of riskier assets' recovery, such as stocks.

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