On early Monday, the USD/MXN produced a fear-induced spike higher as developing news regarding coronavirus caused momentary bedlam for many Forex pairs.
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
The USD/ZAR has consolidated the past day after seeing a spike higher two days ago.
Top Forex Brokers
The pair is showing short-term bullish price action.
The Brazilian real lost strength during the trading session on Tuesday as the US dollar got a boost against most currencies.
The DAX Index gapped higher to kick off the trading session on Tuesday, fell a bit, and then closed relatively unchanged.
The West Texas Intermediate Crude Oil market pulled back during the trading session on Tuesday as we continue to see people worry about global risk appetite.
The S&P 500 has done very little during the trading session on Tuesday as we continue to see the markets focus on the holidays.
The NASDAQ 100 pulled back during the trading session on Tuesday as we continue to see a bit of malaise heading into the end of the year.
Bonuses & Promotions
The Australian dollar fell during the trading session on Tuesday in what would have been very thin trading.
The gold market fell during the trading session on Tuesday, reaching down towards the 50-day EMA, just as we saw in the silver market.
The Indian rupee has been very choppy lately as the USD/INR continues to see a lot of grinding in a low liquidity environment.
The euro initially tried to rally during the trading session on Tuesday as the Brexit negotiations continue to fail when it comes to a resolution.
The Brexit negotiations failed to make a breakthrough during the trading session on Tuesday, but it does look as if the negotiators are willing to try to fix the situation.
Risk currencies were subject to declining price gaps at the beginning of trading this week, amid fears of new strains of a COVID-19 virus.