The emergence of a new coronavirus strain and the rapid total closure in the UK increased the pressure on the sterling against the rest of other major currencies at the beginning of this week's trading.
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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There was a strong fluctuation in gold's performance at the beginning of this week's trading as it jumped to the resistance level at $1906 an ounce, followed by selloffs to the support level at $1855 an ounce.
Today and tomorrow are the most important days of this week for the remainder of 2020 trading, with the anticipation of the release of economic data.
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Resistance at $23,255 looks pivotal.
As the Dow Jones 30 continues to trade within vicinity of its all-time highs, concerns remain tangible for investors and short-term market conditions appear cautious.
The USD/PKR is near critical resistance levels in early trading today.
The USD/INR is testing important resistance levels early today and is threatening to diminish the solid mid-term bearish trend which was accomplished by the Forex pair.
Speculators not accustomed to volatility within the USD/SGD are likely taking a second glance at the Forex pair’s performance the past week.
The GBP/USD pair finally succeeded yesterday in covering the price gap that occurred with last week's opening.
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The S&P 500 broke down significantly during the trading session on Monday, due to concerns coming out of London about a mutated coronavirus strain.
The NASDAQ 100 had a rough trading session on Monday, just as most other markets did.
The West Texas Intermediate Crude Oil market fell quite a bit during the trading session on Monday as traders worry about the coronavirus mutations in the United Kingdom.
The DAX Index broke down a bit during the trading session on Monday as European traders completely lost it over the coronavirus mutation in the United Kingdom.
The Australian dollar has been all over the place during the trading session on Monday, due to concerns surround a coronavirus mutation in the United Kingdom.
Gold markets have fluctuated during the trading session on Monday to kick off the week, as we started off with a bang.