With the end of the week nearing, markets are awaiting updates regarding what happened in the new round of negotiations between the two parties of Brexit- the European Union and the UK.
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 South African Rand has run into support and slight reversals the past day, but its overall bearish trend continues to look strong.
A quick view of the current value within the USD/INR would allow outside observers to say a relatively calm range exists within the forex pair.
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The Indonesian Rupiah has lost value to the US Dollar the past couple of trading sessions.
The silver markets initially gapped higher to kick off the trading session on Wednesday but drifted a bit lower as we filled the gap rather quickly.
After a recent positive move for the GBP/USD path pushed it towards the 1.2670 resistance, the pair failed for three consecutive trading sessions to overcome that resistance, which is technically an obstacle for the pound in completing the correction pace.
Speculators who like short quick dashes of volatility need to consider the USD/MXN within their trading menu, this for a potential worthwhile endeavor.
The Brazilian Real remains a technical battleground for speculators using charts and searching for short term trading possibilities.
The USD/ZAR continues to press up against important support levels which look more vulnerable as the short term trend of the South African Rand seemingly gains incremental momentum.
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The USD/PKR is still hovering near values of 166.5500 in early trading this morning.
India, presently the third-most infected country with Covid-19, is on course to join the US and Brazil with over 1,000,000 confirmed cases.
Singapore entered a technical recession as it reported a second-quarter GDP plunge of 41.2% quarter-over-quarter.
The British pound broke down significantly during the trading session on Tuesday but found enough support at the 50 day EMA to turn things around to form a hammer.
The Australian dollar initially fell during the trading session on Tuesday but then turned around again.
The silver markets did gap a bit lower during the open on Tuesday which was a negative sign, and then fell to reach down towards the $19.25 level, for turning around and showing signs of life again.