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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2019 resulted in the worst economic performance for Mexico since 2009, and Finance Minister Herrera is urging financial markets to be more optimistic for 2020.
Yesterday’s ZEW data disappointed, confirming the German economy, and the Eurozone as a whole, are on a weaker footing that market participants priced into their portfolios.
Australian wage growth stagnated in the fourth quarter, expanding by 0.5% quarterly, matching the third-quarter growth rate.
GBP/USD: Descending trend line
EUR/USD: New 2.5-year low price reached yesterday
2020 can be considered as a relatively muted start to the year so far for the Apple stock, with its share price ranging between marginally below $300 and just beneath $330 at time of writing
AUD/USD: RBA Meeting Minutes Seen Dovish
The British pound pulled back a bit during the trading session on Monday, reaching down towards the 1.30 level underneath.
Natural gas markets have gapped to kick off the week on Monday, reaching well above the $1.90 level.
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The Australian dollar has initially tried to rally during the trading session on Monday but gave back the gains as traders continue to show on the Aussie dollar in general.
The Euro initially tried to rally during the trading session on Monday, but then rolled over to show signs of exhaustion again.
For the third consecutive day, the price of the pair USD/JPY is moving in a limited range between the 109.65 support and the 109.96 level before settling around the 109.78 level at the time of writing.
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The West Texas Intermediate Crude Oil market initially pulled back a bit during the trading session on Monday, but then turned around to show signs of strength.
The persistence of fears of the fatal Corona epidemic still supports the gold price's strong stability at the $1587 an ounce in early trading today.