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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
For two trading sessions in a row, the GBP/USD currency pair has been moving lower, giving up its highest levels in 2020 trading,
The S&P 500 roared to record highs on Wednesday.
Economic data from Mexico continues to deliver troubling statistics.
The USD/INR has produced difficult trading the past week.
The USD/SGD is trading near important short term resistance early this morning.
AUD/USD: Pivotal point at 0.7292
USD/JPY: Level at 106.41 looks extremely pivotal now
Brazil crossed the 4,000,000 Covid-19 infection level with a death toll above 123,000, second in both categories only to the US.
South Africa battles numerous crises at once, even before the Covid-19 pandemic added distinct negative pressures on Africa’s most industrialized nation and second-largest economy measured by GDP, trailing only Nigeria.
The Australian dollar has pulled back significantly during the trading session on Wednesday, but by the time we closed business in New York, we had recovered quite a bit.
The US dollar rallied a bit against the Japanese yen during the trading session on Wednesday, as we have broken above the ¥106 level.
The Euro has broken down significantly during the trading session on Wednesday, as we have reached below the 1.1850 level.
The British pound fell hard during the trading session on Wednesday but turned around to show signs of survival and resiliency as we bounced above the 1.33 level yet again.
The 3600 level is a large, round, psychologically significant figure that is clearly in the crosshairs of S&P 500 buyers.
The NASDAQ 100 initially fell during the trading session on Wednesday as one would expect, due to the fact that we had broken above the top of the up-trending channel, and therefore are starting to get parabolic.