Technical analysis
The technical analysis page provides weekly analytical updates for assets. Technical analysis is the method to forecast the direction of the price of an asset based on its past market data. These weekly updates share an overview what the autobitxtrade Analytics team believes will be happening with some of the most traded assets the following week.
Forex Weekly Forecast & FX Analysis July 6 - July 10
Last week, the U.S. labor market showed a continued recovery. 4.8 million jobs were created outside the agricultural sector, unemployment fell to 11.1%, but at the same time, wages, which in annual terms, that in monthly terms, continue to fall.
Forex Weekly Forecast & FX Analysis May 11 - 15
The teach-heavy index was leading the equities market in the bullish recovery. NASDAQ Composite rallied +5.88%, entering into the positive territory for the first time since the market crash started this year.
Forex Weekly Forecast & FX Analysis May 4 - 8
The S&P 500 benchmark has found a local top level of the recent recovery this past week. The index was gaining strength in the first half of the week, rallying to 2967.5 points on Wednesday despite the worse-than-expected US GDP report in the first quarter.