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
The Euro had an explosive trading session during the day on Tuesday as we initially dipped.
The EUR/USD pair continued the bullish correction path with the start of this week’s trading until gains reached the 1.1467 resistance, its highest level in four months before settling around the 1.1440 in the beginning of today’s trading.
A new record price for an ounce of gold was recorded at the beginning of trading this week as the yellow metal rose towards the $1821 resistance, the highest level in nine years.
The weakening of the US currency allowed the GBP/USD pair to achieve gains in the beginning of this week's trading and subsequently moved towards the 1.2665 resistance, where it was stable at the beginning of Tuesday's trading.
For 8 consecutive sessions, the USD/JPY is stable in a limited range amid boring performance according to Forex traders.
Turkey appears to have the Covid-19 pandemic under control, with new daily cases trending lower.
AUD/USD: New 1-year high prices
Mexico lacks proper Covid-19 testing capabilities, with just over 820,000 carried out on a population above 129,000,000.
USD/JPY: Flat between 106.00 and 108.00
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While the Brazilian government continues to face a storm of criticism from worldwide health organizations regarding its handling of coronavirus and the rate of infections and deaths which have occurred in Brazil, officials from the nation continue to suggest the economy will rebound quickly.
The South African Rand continues to trade near crucial support levels near the 16.52000 which have proven important before because of technical track record which has created reversals.
If you did not know it already and were comfortably considering a day of relaxation while trading the USD/PKR you have likely been given a reminder early this morning trading the Pakistani Rupee is a speculative endeavor.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/INR has produced a solid bearish trend the past week of trading and the Indian Rupee has made short term support levels appear vulnerable consistently.
The silver markets have broken above the $20 level during the trading session on Monday, as this signals a major shift in attitude, or perhaps a better way to put it: That we are ready to continue the next leg higher.
The West Texas Intermediate Crude Oil market initially dropped during the trading session on Monday to kick off the week but has found plenty of support near the $40 level yet again.