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
EUR/USD: Key support at 1.0889
Canada’s economy was in dire shape to start the year, with GDP expanding a dismal 0.1%.
Structural weakness across the Eurozone and the European Union is highlighted by the Covid-19 pandemic, which is forcing the global economy into a recession
Silver markets have gone back and forth during the trading session on Wednesday, reaching below the $14.00 level.
The German index gapped lower to kick off the trading session in the futures market on Wednesday, as the 10,000 level continues to cause major issues.
Gold markets have gone back and forth during the trading session on Wednesday, as we dipped a below the 50 day EMA only to turn around and show signs of strength.
The West Texas Intermediate Crude Oil market initially tried to rally but then fell towards the $20.00 level.
Wartime measures are required to combat Covid-19, according to the International Monetary Fund (IMF).
At the beginning of yesterday's trading, the EUR/USD pair fell to the 1.0926 support, but the pair quickly benefited from the decline in the US dollar and rose to the 1.1037 resistance, where it is stable around the beginning of today’s trading.
Bonuses & Promotions
The US dollar fell at a time when gold prices fell.
AUD/USD: Pivotal point at 0.6023
The sell-off at the beginning of yesterday's session pushed the GBP/USD pair towards the 1.2243 support.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.USD/JPY: More bearish on souring risk sentiment
BTC/USD: $6,293 about to break down
The Euro initially fell during trading on Tuesday but then turned around to show signs of support.