Bitcoin markets have been noisy during the trading session on Monday, due to volatility and noise in currency markets overall.
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 Euro initially tried to rally during the trading session on Monday, but then broke down again.
The British pound initially broke down during the open on Monday, as traders caused a gap during the Asian session.
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There is no doubt that this week will be an important one and will have a strong impact on the performance of global financial markets, including forex.
Since abandoning the 1.3000 psychological resistance, the bears gained control over the GBP/USD performance which technically tested the 1.2880 support, its lowest level in three weeks
After the recent drop in gold prices, investors are anticipating an upward rebound and awaiting the best opportunity to buy.
The USD/JPY performance has often been seen as representing a conflict between safe havens in the era of the COVID-19 epidemic.
The oil markets fell hard during the trading session on Friday, as we have broken down below the $36.25 level in the West Texas Intermediate Crude Oil market.
The US dollar has fallen during the trading session on Friday, reaching down towards the ¥104 level yet again.
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The Australian dollar has rallied during the trading session on Monday, but gave back the gains in order to form a negative candlestick.
The NASDAQ 100 has fallen rather hard during the trading session on Friday, rapidly slamming into the 11,000 level.
The S&P 500 has initially tried to rally during the trading session, but then broke down significantly to reach towards the 3230 level.
The EUR/JPY is near vital support which was last tested in mid-July before a large bull run engaged and peaked in early September.
The DAX Index this morning has pulled itself out of the lower depths of its recent value slump, but traders should be prepared for further tests which will examine investment fortitude.
Resistance levels within the USD/MXN continue to look vulnerable short term as trading has become rather risk adverse and the forex pair trends higher.