During yesterday's trading session, gold prices fell sharply in light of the strong interest of investors to buy the US dollar after talks failed to approve more plans to stimulate the US economy.
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/JPY: Price threatening multi-month low at 104.00
BTC/USD: Pivotal point at $13,485
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India crossed the 8,000,000 Covid-19 infection threshold while Prime Minister Narendra Modi assured all Indians would receive a vaccine.
South Africa experiences a gradual increase in new Covid-19 infections as the second wave spirals out of control in Europe and the US,
The Brazilian Real has lost further ground to the USD in recent trading.
The Japanese Yen is reacting with bearish momentum against the EUR as investors seek its safe haven status.
The USD/SGD is trading near important resistance after experiencing a strong wave of nervous sentiment within forex yesterday.
The USD/PKR continues to burst through vulnerable support levels, even as most global trading has taken on a rather nervous attitude.
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EUR/USD: New coronavirus lockdowns in France and Germany hitting Euro
The NASDAQ 100 has broken down significantly during the trading session on Wednesday, slicing through the bottom of the hammer from the Monday session
The S&P 500 broke down significantly during the trading session on Wednesday, slicing through a trendline that I have been paying attention to for some time.
The US dollar has gone back and forth during the trading session on Wednesday as we continue to see a lot of inconsistencies as to where risk appetite may go.
The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Wednesday, breaking down below the $37.50 level