Signals and Analysis from the DailyForex Trading Room - October 16, 2020

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Latest Market Analysis USD/SEK: Resistance Zone Positioned to Ignite Profit-Taking - 16 October 2020 2020-10-16 08:18:44 Sweden opted for a highly controversial and much-criticized no lockdown and limited social restrictions approach during the first wave of the Covid-19 pandemic. Read more » USD/IDR: Will Breakdown Result in More Massive Sell-Off? - 16 October 2020 2020-10-16 08:09:38 Indonesia became the new Covid-19 hotspot in Southeast Asia, surpassing the Philippines Read more » Oil Prices Continue to Slide on Negative Sentiment - 16 October 2020 2020-10-16 07:32:55 Oil prices slumped further on Friday, with U.S. WTI crude futures for December falling to $40.80 per barrel, down 0.4 percent, and Brent crude futures for December declining 22 cents per barrel to $42.94 per barrel. Read more » USD/JPY Forecast: Reaching Towards 50 Day EMA - 16 October 2020 2020-10-16 05:49:00 The US dollar has rallied significantly during the trading session on Thursday, reaching towards the ¥105.50 level. Read more » NASDAQ 100 Forecast: Continues Finding Buyers on Dips - 16 October 2020 2020-10-16 05:48:00 The NASDAQ 100 fell initially during the trading session on Thursday but turned around to form a massive hammer. Read more » Want to read more signals? Visit our Technical Analysis page More from DailyForex: Forex Brokers Reviews Forex News Technical Analysis Bitcoin Brokers Got a smartphone? Get our updates directly to your phone with the latest version of our free app Join the free Forex Academy and find courses suited to traders at all levels! We hope that this analysis helps you find a profitable position in the Forex market. Happy Trading, The DailyForex Team 2020 DailyForex LTD. 1841 SW 63 RD TERR, North Lauderdale 33068, Florida, USA Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. This email was sent to you following your consent to our Terms of Service and your permission to receive from us emails notifying you of any promotions or new services we are offering. Please note that in accordance with the General Data Protection Regulation (GDPR) you may request to close your account and that your personal data will be deleted. To exercise this right you may contact DailyForex's support team: privacy@dailyforex.com.
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