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
Bitcoin price remained in a consolidation mood during the Christmas weekend as traders waited for the next big news.
The Australian dollar continued rising this week as traders continued to bet on diverging paths between the Federal Reserve and the Reserve Bank of Australia (RBA).
The price of the EUR/USD closed last week's trading higher, breaking through the psychological resistance level of 1.1000, which supports the bulls' control.
The price of the GBP/USD is trying to maintain the resistance level of 1.2700, which confirms the bulls' control of the trend.
With the Christmas holidays and investor reluctance, and amid almost non-existent liquidity, the price of the USD/JPY could remain stable around the level of 142.45.
According to recent trading, gold is facing a major test of investor appetite as the Federal Reserve begins a long-awaited pivot to lower US interest rates.
Bullish speculators of the EUR/USD were rewarded last week as the currency pair reversed from lows early Monday and went into the weekend in sight of mid-term values.
WTI Crude Oil went into this long holiday weekend showing that it had the ability to maintain price values above the 73.000 USD level.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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The US Dollar fell, and stocks rose last week, boosted by increasing sentiment expecting earlier Fed rate cuts in 2024.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 24th, 2023 here.
The GBP/USD rallied a bit during the trading session on Thursday, as we continue to see downward pressure on the US dollar.
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Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin exhibited a notable surge during Thursday's trading session, signaling a potential breakout to higher levels.
Ethereum displayed a modest rally during Thursday's trading session, indicating a readiness to attract more buyers in the future.
The gold market exhibited a modest rally during Thursday's trading session, maintaining its upward pressure.