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
The silver market has broken above the $26 level during thin trading on Monday as traders came back to work after Christmas.
The euro rallied during the trading session on Monday but gave back the gains rather quickly.
Bitcoin markets exploded to the upside again during the trading session on Monday, although in very thin trading.
Price remains within wide medium-term range.
The Australian dollar keeps rising against the US dollar with the reopening of weekly trading.
With the continued pressure on the US dollar, gold had the opportunity to move higher and reach the $1883 resistance.
A last-minute agreement was signed between the European Union and Britain before the Christmas holiday, causing positive sentiment in the trading of the pound against the rest of other major currencies.
The USD/JPY's performance will likely continue to falter throughout the last trading hours of 2020 in a bullish correction.
For four trading sessions in a row, the EUR/USD currency pair was exposed to limited selling operations that pushed it towards the 1.2130 support before settling around the 1.2185 level at the beginning of the year's last week of trading.
Bonuses & Promotions
After demonstrating a rather solid bearish trend since late October and touching low values in the middle of December, the USD/BRL has seen slight bullish momentum develop.
The USD/ZAR has re-established its bearish trend with relative ease and key support levels are being hovered over as the value of the Forex pair remains near the 14.57000 ratio early this morning.
A tight range has emerged in the often volatile USD/PKR as support and resistance levels have proven rather strong.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The USD/SGD has reversed lower and has again demonstrated that its bearish trend remains a force.
The euro rallied a bit during the trading session on Thursday, to reach towards the 1.22 handle.
The British pound initially spiked higher during the trading session on Thursday as Boris Johnson and Ursula von der Leyen crossed the finish line.