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.
While the short-term attention remains on the outcome of the 2020 US presidential election, which could take days if not weeks to determine, the second wave of the COVID-19 pandemic gathers pace across Germany, Europe as a whole, and the US.
With Mexico on course to become the latest country with over 1,000,000 confirmed Covid-19 infections, the short-term focus remains on s clear outcome from the 2020 US presidential election.
The sustained range of the USD/ZAR delivered a near perfect technical scenario yesterday.
The USD/INR hit the 75.000 level yesterday as the forex pair was hit with strong volatility and global risk sentiment became extremely nervous.
Bears likely to have small edge today.
The West Texas Intermediate Crude Oil market has initially fallen during the trading session on Wednesday, only to turn around and rally again towards the 50-day EMA.
After the volatility that we have seen due to the US election, the Euro has been all over the place.
The British pound has fluctuated during the trading session on Wednesday, as we try to figure out what is going on in the United States.
The NASDAQ 100 has rallied significantly during the trading session on Wednesday, slicing above the 11,800 level.
The S&P 500 is going to continue to be very volatile due to the US elections having been a complete mess.
Gold markets have fluctuated during the trading session on Tuesday, as the $1900 level continues to be a magnet for price.
The silver markets initially tried to rally during the trading session on Wednesday but found some resistance above the 50-day EMA, slicing lower, and then turned around again.
Bitcoin markets initially pulled back during the trading session on Wednesday, as election night jitters moved the market back and forth.
The Australian dollar has been all over the place for the last 24 hours, as the US elections have been a roller coaster ride.
The US dollar has fluctuated during the trading session on Wednesday, as the US election has caused volatility.
