The EUR/JPY has experienced a long term bullish trend and its current trajectory doesn’t look as it will face major stumbling blocks.
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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/ZAR may be the most interesting forex pair in the world today.
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Speculators of the USD/PKR may be the perfect group of people to practice a humorous talk while discussing the trading of this forex pair.
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The USD/SGD has broken through support levels with solid bearish momentum again, but experienced traders may suspect a reversal is due.
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Paulo Guedes, the Minister of the Economy of Brazil, reiterated views that the country will face one or two more challenging months due to the Covid-19 pandemic.
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India remains under significant economic stress provided by the Covid-19 pandemic.
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The Australian dollar has rallied during the trading session on Tuesday, breaking to a fresh high again, but gave back the gains towards the end of the session.
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The British pound has rallied significantly during the training session on Tuesday, reaching towards the highs from last week, but failed to break above there.
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The silver market gapped higher to kick off the trading session on Tuesday then pulled back a bit to fill the gap and go below there.
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The US dollar has dropped a bit against the Mexican peso during the trading session on Tuesday as we continue to bounce around in the same rectangle.
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GBP/USD bearish correction attempts succeeded for a short time in breaching the 1.3000 support down to the 1.2980 level.
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The past five trading sessions shows the EUR/CHF is nearly within the center of its range.
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Since the 22nd of July, the USD/BRL has experienced a bullish trend higher and made short term resistance look vulnerable.
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The choppy trading of the USD/INR reflects mixed sentiment in the forex markets, but it also suggests that current values may be within ranges that will fluctuate with polite movements.
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Gabriel Yorio, the Deputy Finance Minister of Mexico, remains confident that the economy will expand in the third quarter of 2020 following the record 17.3% plunge in the second quarter.
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