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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USD/JPY: Unpredictable price action
The British pound has shown itself to be somewhat resilient during the trading session on Monday, as we initially dipped lower but then shot higher again.
BTC/USD: Resistance at $11,924 looks pivotal now
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Brazil remains under the ongoing stress of the Covid-19 pandemic and will likely cross the 4,000,000 infection level this week.
South Africa continues to struggle with the Covid-19 pandemic, reporting over 2,000 new cases daily.
The bearish trend of the Mexican Peso has resumed in full force the past day and a half of trading for the USD/MXN.
The silver markets have rallied quite significantly during the trading session on Monday to start the week with a bang.
The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Monday as traders came back from the weekend,
The bitcoin market rallied again during the trading session on Monday, as traders came back from the weekend.
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Gold markets have been a bit choppy during the trading session on Monday, as we continue to see a lot of noise, but overall, this is still a very positive marketplace.
If you are a speculator of the USD/INR you have likely learned the past few days not to remove your eyes from the Forex pair for more than a minute.
GBP/USD: Pound one of the strongest major currencies
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EUR/USD: Unclear whether price can break 1.2000
Experienced traders know that momentum can shift quickly in forex and the last three trading sessions for the USD/SGD has delivered this lesson well.
Overconfidence can become a very dangerous character flaw within a new speculator.