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 West Texas Intermediate Crude Oil market has been relatively quiet over the last couple of days, and that is probably something that is necessary after the bloodbath that we have seen.
Silver markets initially looked very good during the trading session on Thursday, but the usual nonsense between the EU and the UK started to pick up during the day
The Euro rallied significantly during the trading session on Thursday, especially as the ECB press conference started.
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Gold markets have rallied a bit during the trading session on Thursday, slaving into a downtrend line that makes up the larger pattern that we have been trading in
The British pound delved during the trading session on Thursday, as the EU has threatened legal action now if the United Kingdom does in fact simply walk away from the trade agreement.
A state of cautious anticipation for the reaction from the most important event of this week, which is the European Central Bank’s announcement of its monetary policy at a time when the Eurozone needs historic measures to revive the economy from the COVID-19 effects.
For the second day in a row, the price of gold moves higher, bouncing back to the $1951 resistance.
The USD recovered, and the fear of failure of negotiations pushed the price of the GBP/USD to move downwards towards the 1.2885 support, its lowest level in nearly a month and a half before the pair stabilized around the 1.3020 level at the time of writing.
The USD/JPY pair is still suffering from the bears' control over performance despite the dollar's recovery against the rest of other major currencies.
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The USD/BRL has consolidated further the past day of trading and appears ready for more tests of short term support and resistance levels which have produced a tight range.
The USD/MXN broke through the 21.50000 support level yesterday and it set off another bearish leg lower.
The USD/INR is testing short term support in early trading as its bearish trend remains evident via mid-term technical charts.
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The USD/PKR is not a widely traded forex pair.
AUD/USD: Yet resistance at 0.7300 looks strong
Sweden never imposed a Covid-19 related nationwide lockdown and kept most of its economy open.