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.
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The S&P 500 has fallen a bit during the trading session on Wednesday, breaking down towards the 2700 level again before bouncing.
Australia announced its first stimulus package since the 2008 global financial crisis in response to economic disruptions related to Covid-19.
The NASDAQ 100 has broken down during the trading session on Wednesday again, as we continue to see a lot of choppiness and back-and-forth trading.
The Euro initially tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to show signs of concern.
After the World Health Organization officially declared Covid-19 a global pandemic, demand for safe-haven assets accelerated.
The British pound initially tried to rally during the trading session on Wednesday but gave back the attempt at gaining above the 1.30 level.
The Australian dollar continues to go back and forth in general as we are hanging about the 0.65 handle.
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Wednesday but gave back gains just above the $35 level.
Silver markets initially tried to rally during the trading session on Wednesday, reaching towards the 200 day EMA which currently sits at the $17.09 level before pulling back and showing signs of weakness yet again.
Bonuses & Promotions
The FTSE 100 initially tried to rally during the trading session on Wednesday but broke down below the 6000 level as the futures market simply cannot hang on to gains.
Gold markets initially tried to rally during the trading session on Wednesday, after initially gapping below the $1650 level.
After this currency pair ascended to a fresh 2020 high, the oil price collapse on Monday resulted in a profit-taking sell-off.
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Sign up to get the latest market updates and free signals directly to your inbox.Volatility across the global financial system remains elevated.
Turkey may not feel a direct impact from Covid-19, but the anticipated global economic contraction will pose a challenge to its current recovery.
US President Trump has provided some support to the collapsed US dollar by announcing plans for his government to mitigate some of the Corona pandemic effects in his country