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 DAX Index will face strong headwinds today as it battles negative sentiment which appears to be growing on global and US equity markets.
The British pound has gone back and forth during the trading session on Wednesday, as we continue to dance around the 200 day EMA.
The Euro has initially tried to rally during the trading session on Wednesday, but then broke down from the 50 day EMA to show signs of massive negativity.
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Silver markets have gotten absolutely killed during the trading session as the US dollar continues to strengthen.
The West Texas Intermediate Crude Oil market continues to dance around the $40 level, as the market has nowhere to be.
Gold markets have broken through support, reaching towards the $1866 by the time the open outcry session ended.
The USD/MYR has seen a bullish trend emerge this week after hitting important support levels.
South Africa reports the lowest daily new Covid-19 infections among all Top 10 infected countries, hardly a relief for the struggling economy
India is on course to overtake the US as the most-infected Covid-19 country globally, as it reports over 80,000 infections daily,
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The sharp and continuous EUR/USD selling since the end of last week’s trading pushed it towards the 1.1691 level, its lowest level in two months, before settling around 1.1705 at the time of writing.
The bearish momentum for the gold price is still the strongest in light of the strong buying operations of the US dollar, which moves inversely with the path of gold prices.
Yesterday, the British government announced a number of new and comic restrictions in some places on the freedoms of companies and families, while it says that they are precautionary measures to contain an increasing second wave of Coronavirus infections.
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For the third day in a row, the price USD/JPY is trying to correct upwards, but gains of the bounce did not exceed the 105.07 resistance.
The USD/ARS continues to trade within a death spiral.
After testing important support levels in early September the USD/INR has produced incrementally bullish trading the past couple of weeks.