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.
In recent technical analysis of the gold price expectations, we mentioned that the yellow metal has the opportunity to move towards $1900 an ounce, a level that may provoke more buying and thus pave the way for a retest of the standard resistance levels.
There is no significant change in the USD/JPY for the fourth consecutive day.
The DAX Index has produced two solid days of sideways price action early this week.
The USD/SEK has seen a bullish trend emerge which started in earning on the 1st of September.
The USD/MYR is trading within the middle values of its five-day technical chart.
The USD/MXN is mirroring the mixed sentiment being shown on global indices.
India continues to report the highest number of daily new Covid-19 infections, but one must consider the size of its population, the second-largest behind China.
Out of the Top 10 most-infected Covid-19 countries, South Africa reports the lowest new daily cases, which drop below 1,000 during some days.
AUD/USD: Round number at 0.7100 looks pivotal today
Gold markets gapped higher during the trading session on Tuesday and then went even higher than that.
The NASDAQ 100 initially tried to rally during the trading session on Tuesday, only to pull back from the 11,450 level.
Crude oil markets have broken down slightly during the trading session on Tuesday, slicing down towards the $39 level.
BTC/USD: Strong support at $10,557
The silver markets gapped higher to kick off the trading session on Tuesday and broke even higher to reach towards the $24.40 level by the time the open outcry session ended.
