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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Gold markets fell during the trading session on Thursday, slicing through the $1900 level one point before bouncing a bit.
Investors' giving up the US currency temporarily contributed to an upward rebound in the EUR/USD, to the 1.1880 resistance, its highest level in more than a month, before settling around 1.1845 at the time of writing.
Gold prices attempts to rebound during yesterday's trading session culminated in testing the resistance at $1932 an ounce.
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By more than 200 points, the GBP/USD pair recorded sharp gains during yesterday's trading session, as it retreated from the 1.2937 support to the 1.3176 resistance before the pair stabilized around 1.3130 at the time of writing.
In recent USD/JPY technical analysis, we noted that the limited and narrow movement within price limits for several trading sessions in a row heralds an upcoming strong move.
South Africa starts to witness a gradual rise in new Covid-19 infections as the world struggles with a more violent second wave.
While the second Covid-19 infection gathers pace and on course to place a significantly larger strain on healthcare systems, Tarun Bajaj, the Economic Affairs Secretary of India, confirmed that the government is open to another stimulus program.
The EUR/USD has resumed its rather strong bullish momentum the past two days and is challenging important resistance levels.
The USD/BRL continues to traverse within the higher boundaries of a rather consolidated range.
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The GBP/USD has performed with a solid bullish trend since the end of the third week in September and has resumed a challenge towards its higher value price range which peaked in late August near highs of 1.33950.
The USD/SGD may prove to be a risk takers delight near term.
AUD/USD: Hard to predict next major directional move
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USD/JPY: Pair finally becoming interesting
The Euro rallied significantly during the trading session on Wednesday but continues to struggle near the 1.1850 level.
The NASDAQ 100 has gone back and forth during the trading session on Wednesday, as we continue to see whether or not we get some type of stimulus out of the United States.