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.
The European Union leaders have agreed on new spending plans worth 1.8 trillion Euros, which includes a 750 billion Euro rescue package to counter the effects of Coronavirus, which will be largely funded through the issuance of European Union bonds.
Gold prices rose sharply and gold futures settled at their highest level in almost 9 years, supported by the European Union's announcement of a Eurozone recovery fund, and optimism about the new stimulus in the United States.
The pair is trading around 1.2715 at the time of writing.
Investors have abandoned the US currency, temporarily, since the announcement of reaching vaccines to counter the COVID-19 pandemic, despite new and record numbers of infections in the United States and some countries of the world.
Common sense tells us that sentiment in the global markets has an effect on many financial assets.
When Sweden decided to follow its own path regarding coronavirus it was widely criticized by many global health organizations and national governments.
The precious metal has gained significantly early this week.
Pakistan has signed $11 billion worth of projects signed with China, as part of the China-Pakistan Economic Corridor (CPEC).
Rural India, where agriculture is the primary economic component, is experiencing a surge in demand for farm equipment.
USD/JPY: Flat as both currencies following same paradigm
The USD/SGD created a surge of selling the past couple of days and speculators now have a different short term technical trading landscape which they have to carefully consider.
BTC/USD: Price back below pivotal point at $9,331
The silver market rallied significantly during the trading session on Tuesday, breaking above the $21 level rather handily.
The NASDAQ 100 initially broke above the 11,000 level during the trading session on Tuesday but pulled back significantly to form an exhaustive looking candlestick.
