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 has initially tried to rally during the trading session on Monday but gave back the gains as traders continue to show on the Aussie dollar in general.
The Euro initially tried to rally during the trading session on Monday, but then rolled over to show signs of exhaustion again.
For the third consecutive day, the price of the pair USD/JPY is moving in a limited range between the 109.65 support and the 109.96 level before settling around the 109.78 level at the time of writing.
The greenback initially pulled back a bit during the trading session on Monday, but then turned around to reach towards the ¥110 level again.
The West Texas Intermediate Crude Oil market initially pulled back a bit during the trading session on Monday, but then turned around to show signs of strength.
The persistence of fears of the fatal Corona epidemic still supports the gold price's strong stability at the $1587 an ounce in early trading today.
Prior to the announcement of the details of job and wages reports in Britain.
The NASDAQ 100 had a little bit of electronic trading in the E-mini futures market via the Globex sessions, but with Presidents’ Day being celebrated
The EUR/USD performance did not change much in the beginning of trading this week, as it remained stable around the 1.0825 support, the lowest for two and a half years.
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The S&P 500 was closed during the Monday session, but there was some Globex trading of the E-mini contract.
The Bitcoin market has fallen rather hard during the trading session on Monday, losing almost 7% by the end of the session.
The gold markets did very little during the trading session on Monday, as it was Presidents’ Day in the United States.
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BTC/USD: Pivotal point at $9,518
Litecoin has enjoyed a massive rally since the beginning of 2020, together with most established cryptocurrencies.