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.
Record and historical economic deflation in the U.S during the Q2 of the controversial year 2020, will be tough, but expected, on the USD, which explains why the USD/JPY remained around its lowest levels since the mid of last March.
AUD/USD: New 1-year high price made at 0.7197
USD/JPY: 105.00 area not giving any clues yet
BTC/USD: Consolidation above $10,696 likely over medium term
GBP/USD:Yet 1.3000 could be a strong obstacle
The Euro has rallied quite significantly during the trading session on Wednesday, reaching towards the 1.18 level.
The NASDAQ Composite Index has experienced a short bearish trend the past week of trading after hitting new highs.
While the precious metal is certainly alluring and full of opportunity, trading Gold can also lead to quick losses if risk management is not used properly.
The EUR/USD has continued to display a solid bullish trend. Yesterday’s price action broke important resistance levels and the 1.18000 juncture was touched for the first time since September 2018.
Speculators who anticipated the consolidated range of the USD/SGD to remain unchallenged
South Africa, Africa’s most infected Covid-19 country, received $4.3 billion in emergency financial assistance under the Rapid Financing Instrument of the US-based International Monetary Fund (IMF)
The West Texas Intermediate Crude Oil market continues to go back and forth, doing nothing at all, as we are sitting around the $41 level.
The NASDAQ 100 has shown itself to be resilient over the longer term, and as we pulled back a bit during the trading session on Wednesday.
The S&P 500 has initially pulled back against the backdrop of a FOMC meeting coming out on Wednesday.
