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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Brazilian President Jair Bolsonaro tested positive for the Covid-19 virus on Tuesday but confirmed that he is in good health.
India began to ease lockdown restrictions related to the Covid-19 pandemic on June 8th and witnessed a surge in new infections since then.
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The bitcoin markets have rallied a bit during the trading session on Wednesday, breaking above the $9400 level.
The silver markets have broken above a major resistance barrier during the trading session on Wednesday, leaving the $19 level behind.
The gold markets have rallied significantly during the trading session on Wednesday, slicing through the $1800 level.
The West Texas Intermediate Crude Oil market has rallied a bit again during the trading session on Wednesday as we continue to see a lot of resistance just above.
Prior to the announcement of the European Union economic forecasts updates on Wednesday, the EUR/USD pair is trying to achieve an upward correction,
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During last week's trading, the GBP/USD pair increased by 1.1%, with gains pushing it to the 1.2529 resistance
As expected, gold prices continued to achieve gains, and reached the resistance at $1797 an ounce, the highest level in nine years,
For the second consecutive day, the USD/CAD is trying to achieve an upward correction after sharp losses that recently pushed it to the 1.3519 support
The Argentinian economy is expected to decline by a significant amount during 2020.
After touching support near the 22.1500 level only two days ago, the USD/MXN has developed a reversal higher.
After testing important support levels earlier this week the USD/INR has reversed higher with incremental buying.