The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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Risk aversion persists, as an increase in coronavirus infections in many countries has raised concerns about slowing global economic growth.
Despite the implementation of the British government’s promise that July 19 would be the day of freedom for the country to abandon the restrictions of Corona,
The NZD/USD continues to demonstrate a strong mid-term bearish trend and long-term lows are now fully within sight for traders to contemplate.
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The USD/INR produced a wave of additional volatility yesterday as the Forex pair exploded to new highs and this raises plenty of speculative questions.
The USD/ZAR has produced stabilized trading the past couple of days, but speculators should remain cautious and know storms may develop.
The pair is reaching a new 7-month low price.
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ETH/USD has grown more volatile in the past day as support levels have crumbled again and nervous sentiment is clearly being produced technically.
The DAX broke down significantly during the trading session on Monday, breaking below the 50-day EMA rather easily.
The FTSE 100 got hammered on Monday, just as almost all risk assets did.
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The West Texas Intermediate Crude Oil market broke down significantly during the trading session on Monday as OPEC+ came to an agreement to increase crude oil production.
The S&P 500 fell hard during the trading session on Monday to show signs of exhaustion, as the markets have gotten a bit ahead of themselves.
NASDAQ 100 traders woke up to a very negative move during the trading session on Monday, as the electronics session had seen selling almost immediately.
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The British pound broke down significantly during the session on Monday as we saw a major breakdown during the trading session.
The US dollar was the star of the Forex world during the trading session on Monday as there was a major “risk off” situation during the session.
The gold markets fluctuated during the trading session on Monday as the 200-day EMA continues to be a bit of a magnet for pricing, so it is not a huge surprise to see that we came back to this level.