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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While the Brazilian Real continues to maintain a relatively stable price range and display rather narrow support and resistance levels, a bearish trend has also been maintained.
In early trading this morning the USD/INR has seen another short term bullish trend emerge.
The Pakistani Rupee is managing to once again traverse near short term support levels which certainly look important via technical charts.
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Despite claims by Mexican President López Obrador that the country and economy weathered the depth of the Covid-19 induced recession better than many global counterparts, Mexico remains under significant short-term stress.
South Africa likely faced a massive collapse in its second-quarter GDP, with estimates ranging between 20% and 53%.
The Euro has pulled back a bit during the trading session on Monday, but you should keep in mind that it was Labor Day in the United States so therefore there was a serious lack of liquidity during at least half of the session.
The Australian dollar has done very little during the trading session on Monday, but you would expect that as it was Labor Day in the United States.
The silver markets gapped higher to kick off the Monday session but then simply danced around the $27 level.
AUD/USD: Possible higher support at 0.7250
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USD/JPY: Total directionless consolidation
The US dollar has rallied a bit during the trading session on Monday, as we were trading in thin volume during the Labor Day holiday in the United States.
BTC/USD: Bearish momentum slowly turning bullish
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Gold markets have gone back and forth during the trading session on Monday, which would have had very thin volume due to the fact that it was Labor Day in the United States.
The British pound has gapped lower to kick off the trading session on Monday, but it should be kept in mind that the Americans were not even on board as it was Labor Day in the United States.
The NASDAQ 100, at least the electronic session, showed signs of support yet again near the 11,500 level, as the Americans were away at Labor Day.