While Covid-19 infections are rising globally, Sweden conducted the most massive Covid-19 test sequence in the Nordic kingdom, with a positivity rate of just 1.2%, a pandemic low.
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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Pakistan crossed the 300,000 level in total Covid-19 infections, remaining the seventeenth most-infected country.
Silver markets have gone back and forth during the trading session on Friday, as we continue to see a lot of noise in equity markets overall.
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The US dollar has fallen again during the trading session on Friday against the Mexican peso, testing the hammer that had formed on Thursday.
The British pound has looked horrible over the last several sessions as we are back to trading on the latest rumor or tweet based upon whatever nonsense is going on with Brexit at that particular moment.
The Australian dollar has rallied a bit during the trading session on Friday but gave back some of the gains as the 0.73 level will continue to offer a bit of resistance.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of September 13, 2020.
South Africa reported a 51.0% GDP collapse for the second quarter, due to the Covid-19 related nationwide lockdown.
The US dollar has rallied again during the trading session on Thursday, as we have seen a huge “risk off” type of move late in the day.
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The Australian dollar has initially tried to rally during the trading session on Thursday but gave back the gains as risk disappeared from the markets late in the day.
Silver markets initially looked very good during the trading session on Thursday, but the usual nonsense between the EU and the UK started to pick up during the day
The British pound delved during the trading session on Thursday, as the EU has threatened legal action now if the United Kingdom does in fact simply walk away from the trade agreement.
The USD recovered, and the fear of failure of negotiations pushed the price of the GBP/USD to move downwards towards the 1.2885 support, its lowest level in nearly a month and a half before the pair stabilized around the 1.3020 level at the time of writing.
The USD/BRL has consolidated further the past day of trading and appears ready for more tests of short term support and resistance levels which have produced a tight range.
The USD/MXN broke through the 21.50000 support level yesterday and it set off another bearish leg lower.