The S&P 500 continues to go back and forth, showing signs of strength but at this point we are simply waiting for the next governmental handout in order for Wall Street to go forward.
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 has gone back and forth after initially gapping lower during the trading session on Wednesday.
Silver markets initially gapped lower to kick off the trading session on Wednesday again, and then shot straight up in the air to reach the $24 level.
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Gold markets gapped lower to kick off the trading session on Wednesday, reaching down towards the $1880 level before bouncing again.
Mexico will exceed 800,000 Covid-19 infections today with the death toll on track to surpass 83,000, ranking it fourth globally in that category.
New daily Covid-19 cases in South Africa are on the rise, mirroring the second wave of infections across Europe and the US.
EUR/USD upward rebound attempts stopped the testing of the 1.1807 resistance during yesterday's trading, at its high levels in two weeks.
The US dollar recovered amid noticeable activity in the forex market after statements by the US President and Federal Reserve Governor Jerome Powell contributed to the decline in the gold prices towards the $1873 support.
We have always waited for the bulls to move the GBP/USD pair towards the 1.3000 resistance for the opportunity of a stronger upward correction.
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The USD/JPY pair returned to the vicinity of last week’s trading, stabilizing around the 105.80 and stable near it at the time of writing.
The GBP/JPY saw a surge of risk-averse trading develop yesterday, and the forex pair which traded near a high of 137.350 two days ago now is testing important support levels.
The DAX Index opened with positive momentum this morning taking advantage of recent climbs that have brought the 13000.00 value target back into view for speculators.
The ability of the USD/MXN to trade lower and test support early yesterday was tested by two temporary reversals higher.
The USD/BRL remains within the higher plateaus of its mid-term range, but significantly the forex pair has shown the ability to incrementally lower resistance levels above via technical charts.
AUD/USD: relatively weak on lower rate outlook