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 S&P 500 has done very little during the trading session on Tuesday as we continue to see the markets focus on the holidays.
The NASDAQ 100 pulled back during the trading session on Tuesday as we continue to see a bit of malaise heading into the end of the year.
The Australian dollar fell during the trading session on Tuesday in what would have been very thin trading.
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The gold market fell during the trading session on Tuesday, reaching down towards the 50-day EMA, just as we saw in the silver market.
The Indian rupee has been very choppy lately as the USD/INR continues to see a lot of grinding in a low liquidity environment.
The euro initially tried to rally during the trading session on Tuesday as the Brexit negotiations continue to fail when it comes to a resolution.
The Brexit negotiations failed to make a breakthrough during the trading session on Tuesday, but it does look as if the negotiators are willing to try to fix the situation.
Risk currencies were subject to declining price gaps at the beginning of trading this week, amid fears of new strains of a COVID-19 virus.
The emergence of a new coronavirus strain and the rapid total closure in the UK increased the pressure on the sterling against the rest of other major currencies at the beginning of this week's trading.
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There was a strong fluctuation in gold's performance at the beginning of this week's trading as it jumped to the resistance level at $1906 an ounce, followed by selloffs to the support level at $1855 an ounce.
Today and tomorrow are the most important days of this week for the remainder of 2020 trading, with the anticipation of the release of economic data.
Resistance at $23,255 looks pivotal.
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As the Dow Jones 30 continues to trade within vicinity of its all-time highs, concerns remain tangible for investors and short-term market conditions appear cautious.
The USD/PKR is near critical resistance levels in early trading today.
The USD/INR is testing important resistance levels early today and is threatening to diminish the solid mid-term bearish trend which was accomplished by the Forex pair.