USD/ZAR: Big Gains Raise Questions for South African Rand
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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USD/INR: Support Levels Targets In Sights For Indian Rupee
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AUD/USD: AUD no longer leading the Forex market
Complementing the bullish path, the EUR/USD pair started this week’s trading by testing higher highs, and then pushed to the 1.1781 resistance,
Non-stop gains distinguishes the gold performance in the last period on Tuesday morning, the price of an ounce of gold reached $1981
The USD collapsing did not end, which surprised Forex traders, especially with the COVID-19 continuing to cause catastrophic human and economic losses
For the seventh consecutive day, the GBP/USD pair continues to achieve cautious gains, which pushed it towards the 1.2902 resistance
The USD/ZAR is trading on top of vital support junctures this morning. The 16.40000 level may prove crucial and if it is broken speculators will have to look at technical charts from March.
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USD/JPY: Yet 105.00 may be area of strong support
The past five days of trading for the USD/MXN have delivered choppy waters for speculators, but its bearish trend remains intact
The Malaysian Ringgit remains near important support levels and it has shown the ability sustain its bearish trend.
BTC/USD: Bullish move has probably peaked for now
Risk appetite has remained steady in Asia and the USD/SGD has continued to produce a bearish trend which has vanquished short term support levels.
Indonesia crossed the 100,000 Covid-19 infection mark as Southeast Asia’s largest economy continues to struggle with the virus.