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 West Texas Intermediate Crude Oil market rallied a bit during the trading session on Thursday, as we start to head towards the jobs figure.
The Australian dollar has pulled back just a bit during the trading session on Thursday, as we await the jobs number.
The gold markets have done very little during the trading session on Thursday as we await the jobs number for Friday.
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More expensive commodities may be coming in 2021 - here's what we're expecting:
Argentina battles the COVID-19 pandemic, being the twelfth-most infected country globally on top of its debt crisis.
With more than 21,800,000 total infections and 200,000 new ones every day, the US remains by far the most infected country.
Germany extended its COVID-19 lockdown as it struggles to contain the fast-spreading virus.
The 2021 first-quarter outlook for South Africa remains uncertain, with stricter lockdown measures across South Africa to contain the spread of the mutated COVID-19 virus expected.
In response to a stronger US dollar, the price of gold fell to the level of $1901 in Wednesday's session before returning to stability around the level of $1926 as of this writing.
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The USD/JPY tried to correct to the upside for the second day in a row, but the bounce gains did not exceed the level of 103.44 and it stabilized around the level of 103.18 as of this writing.
The EUR/USD pair has been in a strong bullish momentum since the start of the year, which pushed the currency pair towards the 1.2350 resistance, its highest level since April of 2018.
The instability of the GBP/USD pair is a natural reaction to the new strains of COVID-19 spreading throughout Britain and the consequent economic restrictions.
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The US dollar fluctuated against the Brazilian real during the trading session on Wednesday, as we continue to bounce around the 50-day EMA.
The US dollar fluctuated during the course of the trading session on Wednesday as the Indian rupee sits on the ₹73 level.
The West Texas Intermediate crude oil market rallied significantly during the trading session on Wednesday, but gave back all the gains to end up forming a shooting star right at the $50 level.