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/MXN has experienced a broad range early this morning as forex responds to the rampant nervousness being expressed in the global markets.
A large volatile range has been seen in early USD/SGD trading this morning as financial institutions prove nervous.
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With South Africa trying to tackle its massive army of unemployed, President Cyril Ramaphosa readies his South African Economic Reconstruction and Recovery Plan.
India remains the second-most infected country with COVID-19 globally and the third-highest with active cases and the total death toll.
The USD/PKR may prove enticing to short-term speculators who are looking for a forex pair which may not be affected too much by the outcome of the US elections.
Volatility due to close call in U.S. Presidential Election
The British pound has rallied during the trading session on Tuesday, as traders started to bet on a quick outcome to the US elections.
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The Euro has rallied significantly during the trading session on Tuesday, reaching above the 1.17 level in order to reach towards the 50 day EMA.
The West Texas Intermediate Crude Oil market has rallied during the trading session on Tuesday, as the US dollar was hit.
The S&P 500 has rallied during the trading session on Tuesday, as we await the results of the US election.
The NASDAQ 100 had a relatively strong session during the trading session on Tuesday, as we have bounced from the crucial 11,000 level.
Gold markets initially fell during the trading session on Tuesday, but they got a boost as the US dollar started listing.
Silver markets have gapped higher to kick off the trading session on Tuesday, reaching towards the 50-day EMA before pulling back again.