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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Despite the USD/JPY attempts of a lower correction for two trading sessions in a row, the pair is still moving inside its upward channel, and the correction is temporary because all factors still support the continuation of its gains.
Before the announcement of the most important US economic data for this week.
A bullish chart pattern is emerging in the GBP/CHF, following the collapse in this currency pair on the back of panic selling.
Global Covid-19 cases are approaching 500,000, and the economy is on track to enter a recession.
AUD/USD: Pivotal point at 0.6094
As was the performance with other major currencies, the pound succeeded in making some gains, taking advantage of the weakening dollar.
USD/JPY: Yen starting to strengthen
For the fifth straight day, the EUR/USD pair continues to correct for gains that reached the 1.0933 resistance.
The US dollar continues to bounce around just below the ¥112 level, an area that seems to be a bit of a brick wall.
BTC/USD: Volatility decreasing
GBP/USD: Significant recovery by Pound
EUR/USD: More bullish above 1.0889
The Euro has been very difficult to trade over the last couple of days because although it has been bullish during most of the time, it keeps pulling back rather rapidly.
The British pound rallied significantly during the trading session on Wednesday, but as you can see on the chart the 1.20 level continues to cause all kinds of issues for buyers.
The S&P 500 went back and forth during the trading session on Thursday, initially shooting straight up in the air after a short-term pullback,
