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.
Most Recent
Despite the recent stalemate in trade negotiations between the European Union and Britain, the GBP/USD pair remained steady around recent gains.
Investors are taking risks amid news of developing COVID-19 vaccines and as Trump begins to coordinate a peaceful transition of the US presidency to Biden.
The USD/JPY did not benefit much from investor risk appetite, as gains since the beginning of trading this week did not surpass the 104.76 resistance level and settled around 104.40 at the time of writing.
Top Forex Brokers
Bullish price channel fails to hold.
Despite the second wave of the COVID-19 pandemic pushing new daily infections in the US close to 200,000, the Dow Jones Industrial Average (DJIA) recorded an all-time high above 30,000.
More COVID-19 infections are on the rise in South Africa, as are inflationary pressures.
The USD/MXN has shown the ability to puncture through important psychological support as the 20.00000 level has proven vulnerable.
The AUD/JPY has again seen bullish activity the past few days as the Forex pair knocks on the door of important resistance levels not genuinely traded since September.
The past day of trading for the USD/SGD has not only reconfirmed the bearish trend of the Forex pair, but the momentum has now punctured long-term support ratios.
Bonuses & Promotions
Bulls are eating into strong resistance below 1.2000.
The S&P 500 rallied a bit during the trading session on Wednesday but gave back the gains to turn around and form a shooting star.
The NASDAQ 100 gapped higher to kick off the trading session on Monday and then continued to go higher yet.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The euro was choppy initially during the trading session on Wednesday, but we eventually broke above the 1.19 level and even closed above there.
The West Texas Intermediate Crude Oil market rallied again during the trading session on Wednesday as traders started to focus on the holiday.
The British pound pulled back initially during the trading session on Wednesday but continues to see a lot of buying pressure as we see hope of a Brexit deal creeping back into the market.