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
After battling higher resistance the past week of trading, the USD/PKR has produced a rather weak reversal in early trading today showing the forex pair remains a speculative bet.
For several trading sessions in a row, the USD/JPY has been moving in a limited range amid a downward trend but remains stable below the 108.00 support.
The US currency weakens temporarily, while the GBP/USD attempts upward correction, at a time when there still needs to be a positive development at the Brexit front, which has been the most influential factor on the Sterling in years.
A positive start to the EUR/USD price performance this week, as it moved towards the 1.1345 resistance, highest level in two weeks,
Despite gains of global stock markets, the gold prices got support from the fears related to the strength of the second Coronavirus wave in the United States of America
The US dollar rallied during the trading session on Monday, reaching towards the 0.70 level above.
The British pound rallied a bit during the trading session on Monday to kick off the week but gave back some of the gains to form a candlestick that is somewhat reminiscent of a hammer.
The S&P 500 rallied significantly during the trading session on Monday, as it got a bit of a bid during the Asian Globex trading.
The Euro rallied quite significantly during the trading session on Monday to kick off the week, as there was a definite “risk on” attitude around the world.
Bonuses & Promotions
The NASDAQ 100 has shot straight up in the air during the trading session on Monday, breaking above the 10,500 level like it was not even there.
AUD/USD: USD strong as RBA leaves rates unchanged
USD/JPY: Strong USD is the key
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The US dollar initially tried to rally during the trading session on Monday, reaching towards the ¥108 level.
The first few trading days of July have produced a bullish trend for the USD/IDR and it has tested resistance not treaded since early June.
The USD/SGD has seen a bullish sentiment emerge short term for the currency pair as resistance levels are approached this morning.