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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Choppy trading has been a hallmark of the USD/MXN the past month of trading as speculators have had to deal with consistent tests of support and resistance levels.
Technical traders who were able to shut out the noise and only focus on the USD/ZAR charts may have found profitable trading opportunities the past couple of days.
The USD/MYR has produced a satisfying bearish trend for patient speculators.
The USD/INR continues to trade within a fairly tight range, but it has not been without drama as the important threshold of 74.9000 was tested and broken slightly higher yesterday.
Singapore recorded its worst quarterly GDP contraction in the second quarter, down 13.2%, amid the fallout of the global Covid-19 pandemic.
While the global Covid-19 pandemic dominates the headlines, rating agencies diverge on the outlook for Pakistan.
Bitcoin/USD: Will it reach $10500?
USD/JPY: Trend reversal starts.
AUD/USD: Australian employment numbers.
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GBP/USD: A correction awaits momentum.
EUR/USD: The chance for the 1.1900.
The British pound fell a bit during the trading session on Wednesday, reaching down towards the 1.30 level before bouncing a bit.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets finally showed some stability during the trading session on Wednesday, breaking below the $1900 level initially before finding support at the 50 day EMA.
Silver markets were all over the place during the trading session on Wednesday after we had a horrific Tuesday session.
The NASDAQ 100 has rallied rather significantly during the trading session on Wednesday, after gapping to the upside.