The British pound rallied significantly during the trading session on Monday, breaking towards the 1.29 level.
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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 West Texas Intermediate Crude Oil market continues to grind sideways during the trading session on Monday as it simply has nowhere to be.
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Gold markets have had a strong session on Monday, breaking towards the $1945 level before pulling back just a bit.
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Silver markets have shot straight up in the air again during the trading session on Monday, reaching towards the $25 level.
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The US dollar has initially dipped a little bit against the Indian rupee on Monday to kick off the week, but we continue to see a lot of the same back-and-forth action that we have over the last couple of weeks.
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The EUR/USD pair last week trading was distinguished.
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With the constant stability of gold prices above the $1,800 resistance, talk increased in the financial markets about the possibility of moving towards the record and historical price of $2000.
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Throughout last week’s trading, the GBP/USD pair was in an upward correction range taking advantage of the decline in the US dollar.
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While relations between these two superpowers are quite bleak, any increase in hostilities between them will see an increase in demand for the Japanese Yen.
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The Euro continues to rally rather significantly, and at this point that is starting to become a relatively dangerous move.
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The Australian dollar has gone back and forth during most of the session on Friday as we continue to see a lot of volatility.
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Singapore posted a disappointing June industrial production reading, resulting in pending downward revisions to the second-quarter GDP estimate.
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Sweden, usually a leader in humanitarian efforts and Top 5 countries for quality of life, continues to pay the price for its light approach to the Covid-19 pandemic.
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The NASDAQ 100 has pulled back significantly during the trading session on Friday, only to find support again at the bottom of the channel and form a massive hammer.
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The Argentine Peso’s erosion of value has been documented and technical charts continue to display profound weakness.
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