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 global economy remains under growing stress from the Covid-19 pandemic, South Africa is set to benefit from the massive stimulus packages implemented by developed countries.
A recent survey of 4,500 Swiss firms by the KOF Institute found 86% of respondents confident about their prospects despite the Covid-19 pandemic.
Manmohan Singh, the former Prime Minister of India, and current leader of the opposition, in an interview with the BBC, outlined three essential steps the government should take to ensure an economic recovery.
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The US dollar has rallied rather significantly during the trading session on Tuesday, breaking towards the 50 day EMA.
The Euro initially rallied during the trading session on Tuesday but gave back all of the gains essentially to form a shooting star-shaped candlestick.
The British pound rallied significantly during the trading session on Tuesday, giving back significant gains.
The S&P 500 has initially tried to rally during the trading session on Tuesday, showing signs of strength again but then gave back the gains to show a less than favorable candlestick.
The NASDAQ 100 has initially tried to rally during the trading session on Tuesday but gave back the gains as we dipped below the 11,000 level.
The Australian dollar has initially tried to rally during the trading session on Tuesday but gave back the gains to form a bit of a shooting star-shaped candlestick.
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Gold markets have fallen apart during the trading session on Tuesday, as the bullish move in gold has finally been abated.
Silver markets have had a horrific day during the trading session on Tuesday, reaching down towards the $26 level.
The West Texas Intermediate Crude Oil market initially rallied during the trading session on Tuesday, even gapping ever so slightly higher.
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Bitcoin markets have pulled back a bit during the trading session on Tuesday, as we had seen the gold market meltdown during the day as well.
For the third day in a row, the price of the EUR/USD is moving in a downward correctional range, which pushed it to the 1.1722 support at the time of writing, and ahead of the announcement of the ZEW reading for the German economic sentiment.
The GBP/USD is trying to avoid breaching the 1.3000 support, in order not to increase selling and a shift in the general direction that is still bullish.