A new wave of restrictions implemented in the UK to combat COVID-19 prompted the GBP/USD pair to give up more of its gains in early trading this week.
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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 US dollar's decline against the Japanese yen continues in 2021, despite the dollar’s gains against the rest of the other major currencies.
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The euro jumped more than half a percent against the US dollar, hinting at a positive mood among investors just hours before the Georgia Senate runoff elections.
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The Dow Jones 30 remains within its higher value range.
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The USD/ZAR opened yesterday’s trading with a solid test of support levels near the 14.50000 level, which then saw a prompt reversal take place higher.
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The USD/PKR may appear rather consolidated to many traders in the Forex market.
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The USD/SGD continues to vanquish support levels.
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The US dollar initially fell during the trading session on Monday to plunge below the 5.20 level, before turning around and shooting straight to the upside.
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The US dollar had a rough trading session initially on Monday as it plunged below the ₹73 level.
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The Bitcoin markets initially pulled back during the trading session on Monday, but then found massive amounts of volume to the upside during the day to reach as high as $34,800 at the peak.
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The NASDAQ 100 initially tried to rally during the trading session on Monday, but turned around to break through the uptrend line.
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The S&P 500 initially tried to rally during the trading session on Monday but then sold off drastically, as we see many concerns when it comes to the Senate runoff election in Georgia.
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Aussie remains one of the strongest major global currencies.
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The West Texas Intermediate crude oil market initially rallied early on Monday to reach towards the $50 level, an area that will attract a lot of attention because it is a large, round, psychologically significant figure.
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The Australian dollar initially tried to rally during the trading session on Monday, but gave back the gains at the highs from the Friday candlestick.
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