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 fell rather hard during the trading session on Wednesday, slicing through the 50 day EMA as people are concerned about the United Kingdom increasing lockdown measures
Silver markets fell rather hard during the trading session on Wednesday, reaching down towards the $23.50 level, but has seen a little bit of stability late in the day.
Gold markets have broken down a bit during the trading session on Wednesday, breaking down below the $1900 level quite handily as the US dollar strengthened.
Bitcoin markets initially tried to continue the upward momentum during the trading session on Wednesday but gave back the gains in order to test the $13,000 level.
The Euro has fallen a bit during the trading session on Wednesday, to reach down towards the 1.17 level.
Ahead of the European Central Bank meeting scheduled for Thursday, there are expectations that the bank may direct a state of unease with the Euro gains in the exchange market and amid new strict restrictions for European countries to contain records of Coronavirus cases.
Cautious stability for the GBP/USD performance, maintains its movement above the 1.3000 resistance.
More restrictions from countries around the world to contain a second massive wave of the Coronavirus spread have increased investors' appetite towards safe havens
The flight from risk was ideal for the price of gold to move higher and reach $1911 an ounce at the time of writing.
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USD/JPY: Price approaching multi-month low at 104.00
BTC/USD: Long-term bullish trend advancing
The USD/INR tested higher resistance targets on Monday above 74.0000 and then produced a reversal lower which promptly tested support levels around the 73.6300 mark.
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The USD/MXN tested important support levels near the 20.84000 early this week, but has seen a slight reversal emerge higher.
The DAX Index has been hit with a severe plunge downward again this morning.