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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The British pound gapped lower on Monday after there were major concerns regarding the coronavirus mutations.
Price has plenty of room to fall.
With the holidays approaching, investors prefer to make profits, especially after recent record gains.
The pound did not celebrate its highest gains since early 2018, as pressures returned again.
Investors are returning to risk aversion amid new global restrictions to contain the coronavirus outbreak and the emergence of more widespread strains of the disease in conjunction with the annual holiday season.
A new, more contagious strain of the coronavirus and new restrictions on global economic activities ahead of the holiday season led to new investor flight from risk and the beginning of new gains for safe havens.
The DAX Index has been propelled lower with a strong gap in early trading today on rising concerns regarding news of a mutated coronavirus strain in the UK.
The AUD/USD dropped strongly with the opening of markets on Monday amid reports of a new strain of COVID-19 spreading in south London.
The USD/BRL has produced a rather tight value band the past week of trading as support and resistance levels have consolidated and proven adequate.
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The USD/ZAR remains within the bearish range it has accomplished in a significant manner the past few months.
A bullish reversal crashed the party on Friday, and as trading begins for the USD/INR this week, another move upwards has been displayed early.
The British pound pulled back during the trading session on Friday to dip down below the 1.35 handle again.
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The Australian dollar initially pulled back during the trading session on Friday, but also found plenty of support underneath to turn things around and form a hammer.
The West Texas Intermediate Crude Oil market rallied during the trading session on Friday as we continue to wait for stimulus.