Friday, September 11, 2020

Signals and Analysis from the DailyForex Trading Room - September 11, 2020

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Latest Market Analysis
USD/ZAR: Breakdown Sequence Positioned to Resume - 11 September 2020
2020-09-11 10:01:08

South Africa reported a 51.0% GDP collapse for the second quarter, due to the Covid-19 related nationwide lockdown.

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USD/JPY: Will Resistance Zone Initiate a New Sell-Off? - 11 September 2020
2020-09-11 09:55:09

Japan revised its second-quarter GDP lower, from an initial collapse of 27.8% to 28.1%.

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USD/ZAR Forecast: USD Builds Base Against ZAR - 11 September 2020
2020-09-11 08:58:47

The US dollar has rallied again during the trading session on Thursday, as we have seen a huge "risk off" type of move late in the day.

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USD/JPY Forecast: Dollar Neutral Against Japanese Yen - 11 September 2020
2020-09-11 08:48:53

The US dollar has gone back and forth during the trading session on Thursday again, as we tread water against the Japanese yen just below the 50 day EMA.

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AUD/USD Forecast: Likely to Continue Choppy Behavior - 11 September 2020
2020-09-11 08:39:13

The Australian dollar has initially tried to rally during the trading session on Thursday but gave back the gains as risk disappeared from the markets late in the day.

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