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
During last Friday's trading session, the GBP/USD currency pair retreated from its current 5-month high of 1.3187 to trade around 1.3009
The US dollar showed some strength against other major currencies during last Friday's trading session, after data showed a larger than expected increase in US employment
The pace of sharp and continuous gains in the price of gold has stopped at the end of last week’s trading, amid profit-taking sales in light of the USD strength
The USD/CAD has produced short term bullish sentiment which has begun to produce tests of resistance levels.
Bitcoin/USD: Amid the resumption of the USD strength.
USD/JPY: Bullish break still weak.
AUD/USD: Uptrend supported by commodity prices
GBP/USD: Bullish momentum under threat.
EUR/USD: Correction depends on 1.1630 support.
Bonuses & Promotions
A consolidated range has emerged in the USD/MXN the past week.
While the US and Brazil exceeded 5,000,000 and 3,000,000 Covid-19 infections over the weekend, India crossed the 2,000,000 level.
This weekend, Brazil crossed the 3,000,000 level when it comes to Covid-19 infections, and Latin America’s largest economy registered over 100,000 casualties.
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Sign up to get the latest market updates and free signals directly to your inbox.Short term correlations with gold and the USD/ZAR can be disastrous sometimes, a dynamic bullish trend has erupted in the forex pair which has left many speculators chasing bearish momentum feeling beaten up.
The mantra proclaiming, forex trading is never a one-way avenue that should be practiced by all traders.
The Australian dollar has had a rough trading session on Friday, giving back the gains after the Non-Farm Payroll announcement came out.