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.
Most Recent
The Euro has broken down significantly during the trading session on Tuesday, reaching down towards the 1.17 handle, and even poking through at one point.
Gold markets fell again during the trading session on Tuesday but seem to be finding a bit of interest near the $1900 level.
The West Texas Intermediate Crude market did very little during the day on Tuesday, as we stabilized a bit after the massive selloff on Monday.
Top Forex Brokers
The British pound has broken below the 200 day EMA during the trading session on Thursday as we continue to see a lot of weakness when it comes to Sterling.
Continuing the downward path of the EUR/USD pair, the pair fell to the 1.1731 support at the beginning of this week’s trading, its lowest level in more than a month, before stabilizing around the 1.1753 level at the time of writing and before the important testimony of US Federal Reserve Governor Jerome Powell Later today.
The recent sharp gains in the US currency were a good reason for gold price collapse to the $1883 an ounce during Monday's trading, which is the lowest price for the yellow metal in two months.
The demand for the US currency as a safe haven increased.
The USD/JPY pair plummeted to the 104.00 support at the beginning of this week’s trading, which is the pair's lowest level in six months.
South Africa suffered a 51.0% GDP collapse in the second quarter and remains the ninth most-infected country globally and the most-infected one in Africa.
Bonuses & Promotions
India continues to lead the world in new Covid-19 infections, slowly closing the gap to the US.
The Kenyan Shilling is displaying a strong tight trading range short term, but one that often sees the sudden emergence of spikes gyrate its value momentarily.
After consistently battling support levels in the last four weeks, the USD/BRL has displayed bullish sentiment the past two trading sessions as risk-averse trading has taken hold.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The USD/SEK experienced a sudden surge higher yesterday and resistance levels were brushed aside.
Technical traders who embrace pure charts can potentially learn to love the USD/PKR if they have enough speculative spirit and risk management experience.
AUD/USD: 0.7250 area remains pivotal