Silver markets have shot straight up in the air again during the trading session on Monday, reaching towards the $25 level.
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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 US dollar has initially dipped a little bit against the Indian rupee on Monday to kick off the week, but we continue to see a lot of the same back-and-forth action that we have over the last couple of weeks.
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Throughout last week’s trading, the GBP/USD pair was in an upward correction range taking advantage of the decline in the US dollar.
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The Australian dollar has gone back and forth during most of the session on Friday as we continue to see a lot of volatility.
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Singapore posted a disappointing June industrial production reading, resulting in pending downward revisions to the second-quarter GDP estimate.
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Sweden, usually a leader in humanitarian efforts and Top 5 countries for quality of life, continues to pay the price for its light approach to the Covid-19 pandemic.
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The Argentine Peso’s erosion of value has been documented and technical charts continue to display profound weakness.
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The British pound has rallied significantly during the trading session on Friday but failed to break out above the high from several weeks ago where we had formed a shooting star.
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The South African Rand is being watched by many forex speculators early today.
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Speculators should stop whatever they are doing and take a look at the USD/PKR right now.
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Before going into the weekend the USD/INR produced a strong bearish trend and tested important support levels, but upon opening early today, the forex pair has shown risk sentiment in the global markets.
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The US dollar initially tried to rally during the trading session on Friday against the Brazilian real, but has given back quite a bit of the gains.
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Silver markets have dropped a bit during the trading session on Friday only to turn around and show signs of life again.
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Silver markets have been absolutely parabolic during July, especially towards the second half of the month.
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The Australian dollar has been rallying quite a bit over the last several weeks, as we head into the month of August.
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