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.
GBP/USD performance last week was remarkable, as the pair moved positively towards the level 1.2670 resistance despite the failure of the last round of negotiations between the two sides of Brexit, the European Union and Britain, and the pessimistic comments by the British Treasury Secretary after announcing the stimulus plans.
For two weeks in a row, the USD/JPY pair moved in a stable downward correction range below the 108.00 support, and last losses reached the 106.63 support, the lowest level in three weeks, before closing trading around the 106.92 level.
There has been much talk recently about the possibility of gold price reaching the $2000 level, especially with breaking through the $1,800 psychological resistance three trading sessions ago, during which the yellow metal succeeded in testing the $1818 resistance, its highest level for nine years, before it closed the week’s trading around the $1798 an ounce.
AUD/USD: Unlikely to break out of range today
The Brazilian Real has essentially traded in a range between 5.0000 and 5.5000 the past month with intermittent trends depending on global risk appetite and sentiment being generated domestically.
USD/JPY: Price returning to comfort zone as USD regains some ground
The USD/ZAR has busted through critical support levels early this morning as a wave of selling continues to improve the value of the South African Rand.
BTC/USD: Bulls and bears evenly matched within narrowing triangle
GBP/USD: Bulls need more momentum to break resistance
The USD/PKR has tested higher resistance and lower support levels the past few trading days and has proven the importance of solid risk management.
Instinct is an important aspect of forex trading and the USD/INR from a technical perspective may lead some speculators to believe the Indian Rupee will continue to display further weakness because of its trend.
Mexican gross fixed investment plunged a record 28.9% in April over March, in seasonally adjusted terms.
The NASDAQ 100 initially sold off during the trading session on Friday, as it has been a bit of a stretch for a while.
Singapore secured three of the Top Five private equity and venture capital deals across South-East Asia in the first quarter of 2020.
