The silver markets initially pulled back during the trading session on Monday but found enough support below the $24 level to turn around and show signs of strength again.
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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 euro fluctuated during the trading session on Monday, as we continue to see a lot of volatility around the Brexit negotiations.
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The British pound initially fell during the trading session on Monday, and then started to really sell off as sour headlines came out regarding Brexit talks.
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The DAX Index has been within a pitched battle to attain higher values the past week and has failed to attain new highs.
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The bearish trend within the USD/CAD has developed a strong dose of energy the past couple of trading sessions.
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The USD/ZAR should be watched attentively short-term as it trades near important support levels which have proven adequate mid-term.
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Speculators of the USD/PKR have had their stamina tested if they have continued to pursue selling positions in the short term.
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New daily COVID-19 infections continue to rise across India, which is on course to become the second country behind the US to report more than 10,000,000 cases.
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Singapore remains in firm control over the second wave of COVID-19 infections but remains cautious and vigilant over rising cases across Southeast Asia.
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The GBP/USD rose last Friday to the resistance level at 1.3541, then rebounded directly to the bottom, achieving the full target that we referred to in the selling process.
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The AUD/USD dropped at the beginning of this week's trading, despite positive data regarding the easing of closure restrictions on the largest affected states in the Australian continent.
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The EUR/USD pair's correction gains culminated upwards by testing the 1.2177 resistance, the highest for the currency pair since April of 2018, before closing the week’s trading and stabilizing around 1.2120.
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Despite the market’s concern about a new failure in the Brexit negotiations, the GBP/USD currency pair succeeded in pushing up to the 1.3540 resistance.
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The beginning of last week’s transactions were completely different from those of week's end.
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For nearly a month, the 104.00 support level has been important for the USD/JPY performance.
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