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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The recent sales of the yellow metal price succeeded in breaking the upward trend of the gold price during last week’s trading.
After six trading sessions in a row, the USD/JPY attempted a bullish correction, gains stalled around the 105.69 resistance before stabilizing around 105.39.
There will be a real threat to the bulls' control in the event that the pair moves towards the $10,000 support and stabilizes below it
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despite the weak recent USD/JPY upward bounce attempts, as it did last week, it stopped the collapse path that pushed the pair recently to 103.99 support
risk aversion, restrictions to contain the new COVID-19 outbreak, and the drop in commodity prices are all combined factors that were a good reason to sell
There will be no real and effective bounce for the pound against the rest of the currencies in the coming days without a possible positive shift in Brexit talks
During last week’s trading, the bears dominated the EUR/USD performance, as the pair plummeted to the 1.1612 support, its lowest level in more than two months.
Despite medium-term worries, the Indian Rupee shows resilience against the most recent rally in the US Dollar.
President Cyril Ramaphosa warned world leaders at the UN General Assembly that the pandemic set back African development.
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The S&P 500 initially fell rather hard during the trading session on Friday but has turned around at the 3200 level.
The Bitcoin market has rallied a bit during the trading session on Thursday, reaching above the 50 day EMA.
The Australian dollar initially tried to rally during the trading session on Friday, but then gave back the gains again to crash back into the 0.70 level.
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The US dollar initially pulled back a bit against the Japanese yen during the trading session on Friday, but then shot higher.
The NASDAQ 100 initially dipped during the trading session on Friday, but then turned around to rally and recapture the 11,000 handle.
The Euro initially tried to rally during the trading session on Friday but gave back the gains rather quickly as we reached towards the 1.17 level.