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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Crude oil markets were slightly negative during the trading session on Monday as we came back to work, mainly because we are waiting for the announcement from OPEC.
The British pound fluctuated during the course of the trading session on Monday to kick off the week, as we continue to see a lot of choppy volatility.
The euro tried to get above the 1.20 level during the trading session on Monday, but gave up the gains as the “London fix” started.
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The AUD/USD is trading in a generally bullish trend in the medium term at the moment, and the pair retreated in a profit-taking wave.
The GBP/USD broke the ascending triangle pattern and the lower triangle boundary, which technically indicates a downtrend after retesting the broken trend.
The DAX Index managed to produce an early gap lower this morning without wrecking the high water marks it accomplished late last week.
The USD/BRL has witnessed a rather consolidated price range the past couple of days as volumes in Forex disappeared due to the lack of participation from US financial institutions.
The USD/MXN has displayed a rather choppy trading range the past few days and support levels were certainly tested.
The USD/PKR remains slightly above key support levels as the week begins and speculators weigh their perceptions.
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Business optimism across South Africa expands as the COVID-19 pandemic continues to pose a significant threat globally.
While the COVID-19 pandemic continues to depress global economic activity, India entered a recession after printing a 7.5% drop in GDP in the third quarter of 2020.
The EUR/USD currency pair achieved stronger gains as it jumped to the 1.1963 resistance, its highest level in three months, and closed last week's trading around there.
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In contrast to other major currencies’ performance, the GBP/USD currency pair moved lower towards the 1.3288 support during last Friday's session and closed the week’s trading around the 1.3308 level.
Rise running out of steam at $18,674?
Strong resistance just overhead at 1.2000.