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 S&P 500 has fallen rather hard during the trading session again on Tuesday, reaching down towards the 50 day EMA.
Silver markets were all over the place during the trading session on Tuesday as traders came back to work.
The USD/TRY has seen a prolonged bullish trend and as global risk sentiment has become cautious the past few trading sessions the forex pair has begun to establish new high watermarks.
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The West Texas Intermediate Crude market got absolutely crushed during trading on Tuesday as traders came back to work in Chicago and New York.
EUR/USD: Yet Euro is not relatively weak
The gold markets have gone back and forth during the trading session on Tuesday, as it reached all the way down towards the $50 level.
The USD/SGD has broken through short term resistance levels and challenged the 1.37200 juncture in early trading this morning.
The past week of trading has seen rather stable for the USD/ZAR and its rather tight value band should raise suspicions that the forex pair may produce volatility.
Brazil continues to report a high daily new Covid-19 infection count, but the spending spree by President Jair Bolsonaro to support the poor and focus on economic activity
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India has risen to the top spot in new daily Covid-19 infections, surpassing Brazil in the total count, and only trailing the US, which remains the most-infected country.
For four trading sessions in a row, the EUR/USD pair has been moving in a downward correction range, which pushed it towards the 1.1780 support.
A state of cautious stability has dominated the gold performance since the beginning of trading this week, amid a stronger move by the bears, as the price of an ounce of gold stabilized around $1926 an ounce.
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The US currency recovered alongside renewed fears of a bleaker outlook for Brexit, after Boris Johnson - Britain's prime minister - threatened by saying it was too late for an agreement.
Amid expectations of the announcement of a sharp and record contraction in the Japanese economy today, in the era of Corona, the USD/JPY receives these important data with the return of bears' control, as the pair stabilized around the 106.25 level at the time of writing.
The Dax Index has traded with plenty of volatility the past few days which mirrors the results seen on global indices.