The AUD/USD rose at the beginning of today's trading, with increased risk appetite after positive news about coronavirus vaccines.
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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Beware of strong resistance just overhead at 1.2000.
The US dollar did rally early during the trading session on Monday against the Indian rupee, but right around the ₹74 level we continue to see many issues.
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The US dollar initially fell during the trading session on Monday, breaking below the ¥104 level before turning around to rally rather significantly.
The Australian dollar initially tried to rally during the trading session on Monday, but gave back the gains as the highs seemed a bit too much.
The NASDAQ 100 pulled back during the trading session rather drastically, but then turned around just as drastically to show extreme signs of strength.
The S&P 500 initially fell during the trading session on Monday, then sold off as we did the end of month rebalance and reached towards the crucial 3600 support level.
Gold markets fell during the trading session on Monday, but found enough buyers underneath to turn things around and form a hammer.
Silver markets fell during the trading session on Monday, reaching down towards the 200-day EMA yet again.
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Crude oil markets were slightly negative during the trading session on Monday as we came back to work, mainly because we are waiting for the announcement from OPEC.
The British pound fluctuated during the course of the trading session on Monday to kick off the week, as we continue to see a lot of choppy volatility.
The euro tried to get above the 1.20 level during the trading session on Monday, but gave up the gains as the “London fix” started.
The AUD/USD is trading in a generally bullish trend in the medium term at the moment, and the pair retreated in a profit-taking wave.
The GBP/USD broke the ascending triangle pattern and the lower triangle boundary, which technically indicates a downtrend after retesting the broken trend.
The DAX Index managed to produce an early gap lower this morning without wrecking the high water marks it accomplished late last week.