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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The Australian dollar broke down significantly during the trading session on Monday, slicing through the 0.74 level like it was not even there.
The Bitcoin market initially tried to rally during the trading session on Monday but fell yet again.
The GBP/USD crashed to the lowest level since April 12 as panicked investors rushed to the safety of the US dollar.
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The BTC/USD pair crashed below the 30,000 support level on Monday as global markets crashed.
The price is weakly bearish below 1.1800.
Gold futures are on track to capture a three-session winning streak at the close of last week's trading.
The bears tried to control the performance of the USD/JPY currency pair during last week's trading, but its losses stopped at the support level of 109.71.
The price of the GBP/USD currency pair moved to a strong bearish closing of last week's trading, reaching the support level of 1.3760, which was stable when trading closed
The increase in European Coronavirus infections weakened the attempts of the EUR/USD to correct its highest, as its gains during last week’s trading did not exceed the 1.1875 level.
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The British pound initially rallied during the trading session on Friday, but then broke down to reach towards the 1.3750 level.
The euro went back and forth during the trading session on Friday as we limped into the weekend without any real conviction.
The S&P 500 initially gapped lower to show signs of negativity on Friday but then turned around to fill that gap before falling again.
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The NASDAQ 100 initially tried to rally during the trading session on Friday, but then pulled back towards the 14,700 level.
The Bitcoin market fluctuated during the trading session on Friday as we continue to hover just above the $30,000 level.
The US dollar pulled back initially during the trading session on Friday but turned around to show signs of strength as we hang about the 1.26 handle.