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 gold markets have rallied significantly during the trading session on Thursday again, reaching towards in $1900 level.
South Africa, the fifth-most infected country with Covid-19 globally and the most-infected in Africa, faces an ongoing surge in new cases.
While the Indian agricultural sector shows signs of recovery, it is uncertain if it will spill over to urban centers.
A state of volatility dominates the GBP/USD performance in the last trading sessions, as with the exploitation of the USD decline and the optimism of the European agreement.
Constant pressure on the US dollar and a distinct optimism due to announcing the European stimulus plans, contributed to increasing the pace of gains for the EUR/USD pair,
In an impressive performance, the price of an ounce of gold continuously and steadily achieves gains, as it reached the $1874 resistance at the beginning of today’s trading, its highest level in nine years.
There is no escape of bears dominating the USD/JPY performance.
The USD/BRL has proven capable of maintaining its short term bearish trend, and trading the past twenty-four hours which has established support levels may continue to be tested.
AUD/USD: New 1-year high prices again yesterday
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Speculators who believe the USD/NOK will continue to test seemingly vulnerable support levels cannot be faulted for selling the US Dollar against the Norwegian Krone.
USD/JPY: Flat as both currencies act as safe havens
As global risk appetite continues to remain steady and equity indices maintain an optimistic sentiment, the USD/INR has lingered near important support levels.
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The peaceful waters of the USD/PKR should be enjoyed while its rather short term consolidated range perhaps calms speculators.
GBP/USD: Looking to breakout beyond 1.2750