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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USD/JPY: Yet 105.00 may be area of strong support
The past five days of trading for the USD/MXN have delivered choppy waters for speculators, but its bearish trend remains intact
The Malaysian Ringgit remains near important support levels and it has shown the ability sustain its bearish trend.
BTC/USD: Bullish move has probably peaked for now
Risk appetite has remained steady in Asia and the USD/SGD has continued to produce a bearish trend which has vanquished short term support levels.
Indonesia crossed the 100,000 Covid-19 infection mark as Southeast Asia’s largest economy continues to struggle with the virus.
MAPFRE Economics, in its latest study, predicts the Brazilian economy to contract between 8.9% and 9.8% in 2020.
GBP/USD: British Pound seen stronger
EUR/USD: New 18-month high price again yesterday
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The Euro has rallied significantly during the trading session again on Monday, breaking above the 1.17 level.
The Australian dollar has rallied significantly during the trading session on Monday, breaking above the 0.71 handle, and reaching towards the highs again.
The S&P 500 initially pulled back a bit during the trading session on Monday but then bounced off of the 20 day EMA to show signs of support again.
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The NASDAQ 100 initially fell during the trading session on Monday but found buyers underneath at the 10,400 level to turn things around and rally again.
The British pound rallied significantly during the trading session on Monday, breaking towards the 1.29 level.