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
Despite the failure of the European Union and Britain to resolve the contention points between them, the GBP/USD pair has strongly benefited from investors' risk appetite and abandonment of the dollar as a safe haven amid the announcement of coronavirus vaccines.
Gold prices rose to $1880 an ounce by the end of last week's trading, despite the uncertainty about the rapid financial stimulus in the United States amid rising COVID-19 infections and despite the stronger dollar.
It seems from the USD/JPY's last three trading sessions on the daily chart that bearish exhaustion is taking the pair to stronger descending levels.
Double top at 0.7340 in view.
Speculators who enjoy a solid rocket ride filled with danger are encouraged to wager on BTC/USD short term.
Distributive topping is a potential danger to bulls.
The USD/BRL has produced choppy conditions during the past few days of trading.
The USD/ZAR may scare short-term speculators.
Before going into the weekend, the USD/SGD managed to sustain its bearish trend without suffering any snap reversals higher before Forex markets closed.
Bonuses & Promotions
With the second wave of the COVID-19 pandemic intensifying, more countries announced nationwide lockdowns to avoid the total collapse of an ill-equipped healthcare system that struggled with the seasonal influenza virus in addition to the coronavirus.
Since Pakistan lacks proper COVID-19 testing capabilities, the official statistics place the world’s fifth-most populous country further down the list than actual conditions warrant.
British pound is one of the strongest major currencies.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.There is long-term resistance around 1.1900/1.2000 above.
The silver market fluctuated during the trading session on Friday as we continue to see a lot of overall back and forth.
Gold markets rallied slightly during the trading session on Friday, as we continue to see a sideways grind in general.