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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Despite the significant drop of the US dollar during last week’s trading, the price of gold could not benefit, except to move towards the $1932 an ounce.
Bearish momentum dominated the opening of the DAX Index this morning, essentially opening the week of trading with a large gap lower and puncturing support levels.
AUD/USD: Bulls have slight advantage
BTC/USD: Room to rise much higher
Pakistan presently holds the 24th spot on the list of countries most-infected with Covid-19.
Most of the developed world struggles with an out-of-control second wave of the Covid-19 pandemic and a public tired of restrictions.
The USD/INR has traded higher the past week and broken through resistance levels with relative ease.
The South African Rand continued its strong bearish pace before going into the weekend.
The USD/MXN demonstrated more downside price action as the forex pair hit important support before going into the weekend.
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GBP/USD: Pivotal support at 1.2975 / 1.3000
EUR/USD: Euro relatively strong against resurgent U.S. dollar
The S&P 500 initially pulled back during the trading session on Friday but looks as if it is trying to show signs of life again and rally.
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The US dollar has gone back and forth during the trading session on Friday as we closed out the week.
The Australian dollar went back and forth during the trading session on Friday but found resistance at the 50 day EMA to keep this market somewhat soft.