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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After profit-taking helped bring down the price of gold to the level of $1763, and amid pressures on the dollar, the price of gold bounced higher today to the $1788 resistance.
The GBP/USD bounced back to the 1.4000 psychological resistance level before settling around the 1.3910 support level as of this writing.
After the recent bullish waves of the EUR/USD, which pushed it towards the 1.2080 resistance level, the pair is stabilizing around the 1.2030 level as of this writing.
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The USD/CAD has produced a solidly consistent choppy swirl of trading the past month and short-term speculators may find a chance to wager.
The USD/BRL remains within the midst of a value range which is consolidated and offers traders with patience an opportunity to speculate.
The USD/ZAR remains transfixed within the lower depths of its value range, but a tight range the past few days of trading has emerged.
The USD/INR is testing long-term resistance levels as concerns regarding a resurgence of coronavirus in India have spooked traders.
The DAX Index broke down significantly during the trading session on Tuesday as coronavirus figures continue to plague not only the European Union, but other places around the world, spooking investors.
The FTSE 100 fell rather hard during the trading session on Tuesday to reach down towards the breakout point of the previous ascending triangle.
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The West Texas Intermediate Crude Oil market initially took off during the trading session on Tuesday, but then pulled back rapidly as European traders began to worry about increasing numbers of coronavirus infections in other parts of the world.
The markets continue to look very volatile, and I think you have plenty of time to wait for some type of buying opportunity.
The S&P 500 pulled back a bit during the trading session on Thursday as we may have gotten a little bit ahead of ourselves.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets initially pulled back a bit during the trading session on Tuesday, but it looks as if the 50-day EMA is going to continue to offer some support.
The Australian dollar rallied rather significantly during the trading session on Tuesday to break above the 0.78 level, but then turned around to show signs of weakness.
Bitcoin fell initially during the trading session on Tuesday but found the 50-day EMA to be supportive enough to turn around and cause a bit of a bounce.