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
Looking at the gold market, we have seen choppy performance on Friday, which aligns with the typical behavior expected on the last trading day of the year.
The performance of natural gas markets on Friday appeared to be relatively stagnant, which is unsurprising given that it was the final trading session of the year.
Bitcoin has displayed a slight positive bias in recent trading sessions, albeit remaining within a relatively stable range.
During Friday's trading session, the crude oil markets displayed a lack of significant movement, primarily due to the holiday focus.
Looking at the Euro's performance against the US dollar, we have seen a slight retracement during the trading session on Friday.
A slight pullback occurred on Friday in the silver markets.
Friday's trading session demonstrated initial attempts to stage a rally. However, the 4,800-level proved to be an insurmountable hurdle.
The US Dollar fell, and stocks rose last week, boosted by continuing sentiment expecting earlier Fed rate cuts in 2024.
Price action in the USD/INR remains rather tight and this puts speculators of the currency pair in a rather challenging position as they try wagering on perspectives.
Bonuses & Promotions
Traders of the USD/ZAR were ‘treated’ to another month of volatility within the currency pair, but as December progressed the South African Rand did correlate to other major currencies.
The EUR/USD finished 2023 trading with bullish momentum, but it was not without a fight and as January gets ready to start and perspectives likely remain positive.
Gold markets have spent most of the month of December being very volatile, but as we close out the year, it has become increasingly obvious that 2024 should be a very strong year for gold markets in general.
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As I look at the S&P 500 at the end of December, it’s obvious that January is set for a major showdown.
The US dollar continued to drift lower against the Mexican peso during the entirety of the winter, in December brought in more of the same.