Signals and Analysis from the DailyForex Trading Room - October 05, 2020

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Latest Market Analysis USD/BRL: Bullish Pressure Battling Key Resistance Short Term - 05 October 2020 2020-10-05 10:51:44 The USD/BRL has sustained its bullish momentum and is continuing to battle resistance levels which may prove important as psychological barometers if they are proven to be weak. Read more » USD/ZAR: Correction Well-Positioned to Extend After Pause - 05 October 2020 2020-10-05 10:37:19 South Africa, home to the world's most unequal society, continues to struggle more from procrastination by the government of President Cyril Ramaphosa than from the Covid-19 pandemic. Read more » USD/INR: Will Short-Term Reversal Precede More Selling? - 05 October 2020 2020-10-05 10:24:11 While India remains at the top of new daily Covid-19 infections, slowly closing the gap to the US, which is the most-infected country globally, the economy continues to show signs of recovery. Read more » USD/JPY Forecast: Tests Round Figure - 05 October 2020 2020-10-05 10:06:17 The US dollar has broken down during most of the trading session on Friday against the Japanese yen to reach towards the ¥105 level. Read more » NASDAQ 100 Forecast: Looking for Support Underneath - 05 October 2020 2020-10-05 09:48:06 The NASDAQ 100 had a miserable day on Friday as there was more of a "risk off" feel to the technology stocks, which is interesting considering they have not let the market go higher for the longest time. 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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