The USD/MXN broke through the 21.50000 support level yesterday and it set off another bearish leg lower.
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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 USD/INR is testing short term support in early trading as its bearish trend remains evident via mid-term technical charts.
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The USD/PKR is not a widely traded forex pair.
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Sweden never imposed a Covid-19 related nationwide lockdown and kept most of its economy open.
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Compared to other developed countries, Singapore has gained relative control over the Covid-19 pandemic.
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The Australian dollar initially fell during the trading session on Wednesday, reaching down towards the 0.72 level before rallying again.
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If you have been trading for more than a few months, you probably remember the nonsense and noise that was a major feature of the entire Brexit situation.
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The silver markets have dipped a bit lower during the trading session on Wednesday but found a bit of buying pressure underneath to turn the market around.
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Increasing concern over the future of Brexit and the recovery of the USD caused a sharp collapse in GBP/USD currency pair, and accordingly, bears in the pair moved towards the 1.2950 support at the time of writing.
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The Australian dollar has fallen a bit during the trading session on Tuesday and what would have been noted as a “risk-off session” around the world.
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The US dollar has bounced rather significantly against the Mexican peso during the trading session and everything else that is traded against it on Tuesday.
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The British pound has broken down significantly during the trading session on Tuesday as traders pushed the cable pair below the 1.30 level.
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Silver markets were all over the place during the trading session on Tuesday as traders came back to work.
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The USD/TRY has seen a prolonged bullish trend and as global risk sentiment has become cautious the past few trading sessions the forex pair has begun to establish new high watermarks.
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The USD/SGD has broken through short term resistance levels and challenged the 1.37200 juncture in early trading this morning.
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