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 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.
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.
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
Bonuses & Promotions
Today will be an interesting and exciting trading session for the British pound against other major currencies, as the details of the British government budget will be announced
The US dollar returned to a new high during yesterday's trading session, following suggestions from US President Trump
The recent sharp collapse of the U.S dollar and stock markets to the point where Wall Street became an arena of terror
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The US dollar has dropped initially during trading on Tuesday and what would have been a little bit of a “relief rally” for risk assets in a very noisy and choppy environment.
The US dollar exploded to the upside against the Japanese yen during trading on Tuesday.