A consolidated range has emerged in the USD/MXN the past week.
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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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While the US and Brazil exceeded 5,000,000 and 3,000,000 Covid-19 infections over the weekend, India crossed the 2,000,000 level.
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This weekend, Brazil crossed the 3,000,000 level when it comes to Covid-19 infections, and Latin America’s largest economy registered over 100,000 casualties.
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Short term correlations with gold and the USD/ZAR can be disastrous sometimes, a dynamic bullish trend has erupted in the forex pair which has left many speculators chasing bearish momentum feeling beaten up.
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The mantra proclaiming, forex trading is never a one-way avenue that should be practiced by all traders.
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The Australian dollar has had a rough trading session on Friday, giving back the gains after the Non-Farm Payroll announcement came out.
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The British pound fell significantly during the trading session on Friday after the Non-Farm Payroll announcement came out.
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Silver markets have been volatile during the trading session on Friday, initially spiking towards the $30 level before pulling back.
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Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 9, 2020.
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The Australian dollar has continued to push to the upside overall, reaching towards the highs from the previous session on Thursday, so at this point it looks like we are more than likely going to find buyers
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The British pound rallied during the trading session to break above the 1.3150 level.
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The silver markets have rallied significantly during the trading session on Thursday again, as we get set to look towards the Non-Farm Payroll numbers.
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Turkey continues to feel the impacts on tourism, a pillar of its economy, and a source of cash, from the global Covid-19 pandemic.
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Besides the Covid-19 pandemic, where South Africa is the fifth-most infected country globally, the country has to deal with ongoing protests.
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Thursday Sterling...is what today’s trading session is called.
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