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
Gold markets have been somewhat choppy during the trading session on Monday, as we continue to see a lot of back-and-forth trading within the larger symmetrical triangle.
The West Texas Intermediate Crude Oil market try to rally initially during the trading session on Monday but pulled back from the 50 day EMA.
Australia moved the timetable to ease the nationwide lockdown forward by several months, despite elevated risks for a potential second wave of Covid-19 infections.
New Zealand’s 2020 budget will fulfill a critical role as it is likely to shape the future of the country for decades to come.
After Japan implemented an unprecedented ¥117.1 trillion stimuli in response to the Covid-19 pandemic, the Abe government is considering additional steps
American job figures in the Coronavirus era completed the bleak picture for the US economy, and increased pressure on the US currency, and therefore it was natural for markets to push the USD/JPY price towards the 105.98 support.
The call to open the world economy did not prevent the price of gold from maintaining its gains near its highest level in more than seven years.
The downward pressure on the GBP/USD pair during last week's trading pushed it towards the 1.2265 support.
Despite the EUR/USD attempt to avoid more downward pressure benefiting from the weak results of the US jobs report in the Corona era, the trend still supports more losses, as the pair fell towards the 1.0766 support, its lowest in two weeks.
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India faced its last contraction in 1980 with a 5.2% decrease. Before that, only four other annualized recessions were reported, three of them below the 1.0% mark.
AUD/USD: Will 0.6500 area hold as support?
USD/JPY: Resistance at 107.34 looks pivotal
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EUR/USD: Support at 1.0814 looks strong and pivotal