Start the week of June 21, 2020 with our Forex forecast focusing on major currency pairs here.
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.
Most Recent
After putting in a day of solid gains mid-week, the Mexican Peso lost some value yesterday as the USD/MXN was bought.
According to the latest ZEW survey for June, investors believe continental Europe’s largest economy is in the early phases of recovery.
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Yesterday’s initial jobless claims out of the US pointed towards a significantly weaker recovery trend than the May NFP report suggested.
Argentina is on track to record its third consecutive year of GDP contraction in 2020.
Roberto Gualtieri, the Italian Minister of Economy and Finance, acknowledged that the economy will exceed the 8.0% contraction for 2020 presently forecast.
The past five days of trading within the USD/ZAR has produced a price range of 16.9000 to 17.5000.
The US dollar has gone back and forth during the trading session again on Thursday, as we simply have nowhere to be when it comes to trading the greenback against the Japanese yen.
The trading range for the USD/INR offers speculative opportunities for those with good risk appetite today as support levels appear vulnerable.
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The British pound has broken down significantly during the trading session on Thursday as we continue to see a lot of concerns about the British economy.
The NASDAQ 100 initially fell during the trading session on Thursday before finding buyers below at the 9865 region.
The silver markets have gone back and forth during the trading session on Thursday as the $18 level was tested before pulling back towards the $17.25 level.
The Euro has initially tried to rally during early trading on Thursday, but it is becoming obvious that the market is getting a bit heavy and that it is ready to break down a bit.
The S&P 500 went back and forth during the trading session on Thursday as we are hanging around the 3100 level.
The Australian dollar initially tried to rally during the trading session on Thursday but as you can see the 0.69 level has offered enough resistance to turn this market back around