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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South Africa's leadership has repeatedly communicated, to the businesses and consumers alike, that it took a risk-adjusted approach to reopen the economy gradually.
AUD/USD: Unpredictable technical situation
USD/JPY: Yen somewhat stronger than dollar on risk-off sentiment
BTC/USD: Breakout beyond consolidation limit at $9,000
The US dollar has pulled back a bit against the Mexican peso during the trading session on Wednesday, only to turn around and show strength that the 24 level.
The silver markets initially tried to rally during the trading session on Wednesday but have found sellers in the same area we had previously.
Gold markets are trying to break out above the top of the symmetrical triangle, and therefore if we can break above the highs of the trading session on Wednesday,
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Wednesday, but as you can see the market has failed again
EUR/USD: Price reaching new 1-month lows
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EUR/USD: Persistent buying below 1.0800
A new economic assessment announced by EU Economy Commissioner Gentiloni puts the 2020 GDP recession in the Eurozone at 7.75%
UK economic data released yesterday surprised to the upside but confirmed the massive negative impact of the Covid-19 pandemic.
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The gold price is still benefiting a lot from the historical and record negative results of the global economic releases due to the strict closures policies approved by countries to contain the rapid spread of Coronavirus.
Prior to the announcement of a historical contraction of the British economy in the Corona era, the GBP/USD pair finds it difficult to make an upward correction in spite of the historically negative figures for the American economic releases.