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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
107.00 looks very pivotal
The WTI Crude Oil market broke down a bit during the trading session on Monday, losing quite a bit of the gains from last week.
Silver markets have done extraordinarily little over the last several trading sessions, as the market dances around the $15.20 level.
South African finance minister Mboweni outlined one possible labor market reform for the post-Covid-19 economy, targeting restaurants.
The Indian rupee is likely to find a bit of pressure when facing the greenback during the trading session on Tuesday.
Key resistance overhead beginning at $8,000.
Gold markets pulled back a bit during the trading session on Monday to continue to show weakness.
New higher support at 1.2400 looks pivotal
In a positive development, the Cabinet Office is realistic about market developments.
Canada’s economy is faced with increasing pressures from the sell-off across the oil market.
EUR/USD: Long-term bearish drift
Upon the return of the Australian government on May 12th, an unprecedented statement will be made regarding the Covid-19 pandemic.
Ripple has lost its second executive this year.
Five stages of the South African nationwide lockdown protocol are implemented.
For two weeks in a row, the USD/JPY pair is moving in a limited range, amid a stable downward trend, below the 108.00 support, amid a balanced demand by investors for both safe haven currencies in this pair.