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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Investors are returning to risk aversion amid new global restrictions to contain the coronavirus outbreak and the emergence of more widespread strains of the disease in conjunction with the annual holiday season.
A new, more contagious strain of the coronavirus and new restrictions on global economic activities ahead of the holiday season led to new investor flight from risk and the beginning of new gains for safe havens.
The DAX Index has been propelled lower with a strong gap in early trading today on rising concerns regarding news of a mutated coronavirus strain in the UK.
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The AUD/USD dropped strongly with the opening of markets on Monday amid reports of a new strain of COVID-19 spreading in south London.
The USD/BRL has produced a rather tight value band the past week of trading as support and resistance levels have consolidated and proven adequate.
The USD/ZAR remains within the bearish range it has accomplished in a significant manner the past few months.
A bullish reversal crashed the party on Friday, and as trading begins for the USD/INR this week, another move upwards has been displayed early.
The British pound pulled back during the trading session on Friday to dip down below the 1.35 handle again.
The US dollar initially tried to rally against the Japanese yen, but pulled back to give up about half of the gains.
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The Australian dollar initially pulled back during the trading session on Friday, but also found plenty of support underneath to turn things around and form a hammer.
The West Texas Intermediate Crude Oil market rallied during the trading session on Friday as we continue to wait for stimulus.
The euro pulled back a bit during the trading session on Friday, but it looks as if we are simply trying to hover and consolidate after a massive explosion to the upside.
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Bitcoin markets fluctuated during the trading session on Friday in what would have been rather quiet trading.
The gold market fluctuated during the trading session on Friday as people focus on the holidays.
Silver markets fluctuated during the trading session in a mostly negative candlestick for the day.