The past week of trading for the USD/BRL has seen a bearish cycle emerge.
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/ZAR reestablished its bearish trend on Friday with a swift move downwards.
Mexico remains the eight-most infected Covid-19 country globally and has the fourth-highest death toll.
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Singapore reports less than 100 new Covid-19 infections per day and has a remarkably low total death toll of just 27 from nearly 57,000 infections.
The British pound has broken out significantly during the trading session on Friday, slicing through the shooting star during the trading session on Thursday.
The Aussie dollar has broken out during the trading session on Friday as we continue to see a lot of anti-US dollar negativity out there.
The silver markets have initially pulled back during the trading session on Friday but found enough strength to turn around and rally towards the $28 level.
The US dollar has broken down significantly during the trading session on Friday again as Jerome Powell on Thursday suggested that the bar to raising higher interest rates was even higher than it had been previously.
The US dollar has been drifted lower against the Indian rupee for some time now, but as we drift into September there will be a lot of questions when it comes to whether or not we can continue this move.
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The Brazilian real is a very interesting currency to watch, because Brazil has a horrible infection rate when it comes to the coronavirus.
The US dollar has had a rough couple of weeks heading into September against multiple currencies, not just the South African Rand.
The silver markets should continue to be very volatile into the month of September, because there are a massive amount of reasons why this market is moving at the same time.
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With the US Federal Reserve indirectly confirming its weak US Dollar policy, the USD/ZAR was rejected by its downward adjusted short-term resistance zone.
The Australian dollar has rallied a bit during the trading session on Thursday but gave back a bit of the gains.