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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Throughout last week's trading, the EUR/USD was subjected to downward pressures, which it pushed towards the 1.1688 support and closed the week’s trading around the 1.1716 level.
The US dollar strength is still preventing gold prices from benefiting from the global anxiety of the second coronavirus wave, while the stimulus talks for the US economy have stopped.
Instability and extreme volatility was the most characteristic of the GBP/USD performance during last week’s trading.
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Risk aversion and the mixed US economic results was a catalyst for the USD/JPY pair to move downwards towards the support level at 105.03, before closing last week’s trading around 105.40.
India continues to suffer from inadequate Covid-19 testing capabilities, but the current capacity suffices to keep the world’s fifth-largest economy the second most-infected country behind the US.
The USD/MXN has exhibited a dynamic range the past five days of trading.
With the German economy under intensifying stress from the second wave of Covid-19 infections, questions over the strength of a post-Covid-19 recovery remain elevated.
The USD/NZD has seen bullish activity today as the forex pair enjoys positive momentum upwards as investors come to grips with Prime Minister Jacinda Ardern’s strong showing
The FTSE 100 Index has created mayhem for short term traders on the wrong side of their speculative wagers the past year.
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The USD/ZAR has embraced an intriguing value range which may entice technical traders to speculate even if they are not typically paying attention to the South African Rand.
The Euro initially tried to rally during the trading session on Friday but gave back the gains to form a bit of an inverted hammer.
The NASDAQ 100 initially tried to rally during the trading session on Friday but found the 12,000 level to be a bit resistive.
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The West Texas Intermediate Crude Oil market pulled back a bit to kick off the trading session on Friday, reaching down towards the 50 day EMA.
AUD/USD: 0.7000 looking more likely to hold
The British pound has gone back and forth during the trading session over the last 24 hours, but quite frankly the market continues to look as if it is still trying to figure out what to do with itself.