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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Although the USD/INR has seen a bearish reversal seemingly take place the past couple of days, technically the Indonesian Rupiah still appears vulnerable to potential higher moves.
Mexico could be on the verge of seeing a sharp increase in new Covid-19 infections, warns Arturo Erdely, a mathematician at the National Autonomous University (UNAM).
Brazil seeks ways to extend financial support to the poor are the country reports over 30,000 new Covid-19 infections daily.
The US dollar initially pulled back a bit during the trading session on Wednesday, only to turn around and rally towards the 50 day EMA yet again.
The S&P 500 has gone back and forth during the trading session on Wednesday, as we have no idea what to do next.
AUD/USD: Recovery in risk sentiment boosting Aussie Dollar
The Bitcoin market initially tried to rally during the trading session on Wednesday, but as you can see the $11,000 level continues to cause a lot of headaches for buyers.
USD/JPY: 106.00 area remains pivotal
The Australian dollar rallied a bit during the trading session after initially pulling back at the open on Wednesday.
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The NASDAQ 100 had a very volatile trading session during the day on Wednesday, as it was the end of the month and the end of the quarter.
BTC/USD: Pivotal area around $10,847
The silver markets fell significantly during the trading session on Wednesday, which is a bit telling considering that the US dollar also fell.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound broke above the 50 day EMA during the trading session on Wednesday but gave back the gains to close underneath there.
GBP/USD: Pound is outperforming the Euro
The gold market fell rather hard during the trading session on Wednesday, even as the US dollar lost a bit of strength.