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.
Most Recent
BTC/USD: Bulls in doubt below $9,200
GBP/USD: Likely to consolidate today between 1.2396 and 1.2484
The silver markets have gone back and forth during the trading session on Monday to kick off the week, initially tried to rally but then broke back down below the $15 level.
Bitcoin markets did nothing during the trading session on Monday for the third day in a row, which makes quite a bit of sense considering that the market is currently testing the $9000 level,
Gold markets gapped higher during the trading session on Monday to kick off the week, but then pulled back to fill that gap.
The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Monday to kick off the week but found support at the same place
EUR/USD: Support at 1.0840 looks strong
US Factory orders for March came in below already depressed expectations, continuing the series of worse than forecast economic reports.
Governments start to ease lockdown measures implemented to contain the spread of the Covid-19 pandemic, which has led to an increase in the infection rates
Bonuses & Promotions
According to a new analysis conducted by the Australian Treasury, the Covid-19 related lockdown is costing the economy A$4 billion per week,
The USD/JPY losses increased pushing it to the 106.35 support, the lowest level of in nearly a month and a half.
I still expect that the GBP gains will remain under the influence of the future negotiations between the two sides of Brexit and the economic situation as a result of the Corona epidemic.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.EUR/USD Bullish correction attempts last week's trading culminated by the rise towards the 1.1018 resistance, the highest level in a month
The prospect of new trade skirmishes between the United States and China, at a time when the global economy itself needs intensive care,
Given Australia’s dependence on China, commentary by US President Trump regarding more tariffs added downside pressure on the Australian Dollar,