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
Silver markets have initially fallen during the trading session on Monday, only to turn around and rally a bit.
GBP/USD: Relatively high volatility
Gold markets have initially dipped during the trading session on Monday but found enough buyers underneath the turn things around and show signs of life.
EUR/USD: Resistance at 1.1688 looks pivotal
The USD/INR has produced a solid mid-term bearish trend, but the past week of trading has seen consolidated movement and a breakout higher.
Technical traders have been challenged by a wide range within the USD/SGD the past five days.
Mexico failed to contain the first wave of Covid-19 infections, while many countries witness a surge in new confirmed cases.
Switzerland remains more resilient to the Covid-19 pandemic than other economies in Europe
he downward momentum is still dominating the EUR/USD performance at the beginning of an important week as markets await US job numbers.
Bonuses & Promotions
GBP/USD performance may continue to witness a state of volatility and instability amid the continuation of the recent downward pressure.
The recent sales of the yellow metal price succeeded in breaking the upward trend of the gold price during last week’s trading.
After six trading sessions in a row, the USD/JPY attempted a bullish correction, gains stalled around the 105.69 resistance before stabilizing around 105.39.
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despite the weak recent USD/JPY upward bounce attempts, as it did last week, it stopped the collapse path that pushed the pair recently to 103.99 support
risk aversion, restrictions to contain the new COVID-19 outbreak, and the drop in commodity prices are all combined factors that were a good reason to sell