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 initially fell during the trading session on Monday, as we reached below the $1900 level before buying again.
EUR/USD attempts a bullish rebound in a limited range and did not exceed 1.1770 resistance after it retreated in the previous week to the 1.1612 support, its lowest level in more than two months.
For five consecutive trading sessions, the price of gold moved upwards with gains that reached $1917 an ounce during last Friday's trading.
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The bulls tried to push the GBP/USD pair towards the 1.3000 psychological resistance during last week's trading.
The currency pair retreated to the 104.94 support, after attempts to rebound higher, and reached the 105.80 resistance.
The USD/MXN has provided traders with a rather entertaining display of rapid shifts in value the past month.
The past week and a half of trading within the USD/SGD has produced a renewed cycle of bearish momentum.
The USD/BRL has sustained its bullish momentum and is continuing to battle resistance levels which may prove important as psychological barometers if they are proven to be weak.
South Africa, home to the world’s most unequal society, continues to struggle more from procrastination by the government of President Cyril Ramaphosa than from the Covid-19 pandemic.
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While India remains at the top of new daily Covid-19 infections, slowly closing the gap to the US, which is the most-infected country globally, the economy continues to show signs of recovery.
The US dollar has broken down during most of the trading session on Friday against the Japanese yen to reach towards the ¥105 level.
The NASDAQ 100 had a miserable day on Friday as there was more of a “risk off” feel to the technology stocks, which is interesting considering they have not let the market go higher for the longest time.
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The US dollar has rallied a bit during the trading session on Friday, as the Dollar continues to build a bit of a base against the Canadian dollar.
AUD/USD: key risk sentiment barometer
The Australian dollar has broken down a bit during the trading session on Friday, slicing through the 50 day EMA as the world got wind of the president of the United States contracting the coronavirus.