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 US Dollar and stocks rose last week, while the Japanese Yen led the Forex market higher.
After testing the 68.000 USD mark on Wednesday last week, WTI Crude Oil suddenly saw buying increase and the commodity finished Friday above the 72.000 USD via its cash price.
Day traders and financial institutions were treated to strong upwards momentum last week from the GBP/USD as its higher price range was tested and now must be considered.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 17th, 2023 here.
The S&P 500 had a small rally during Thursday's trading session, and it seems like the loose monetary policy of the Federal Reserve will continue to be a major factor.
The EUR/USD had an impressive performance in Thursday's trading session, surging skyward and setting its sights on the crucial 1.10 level.
Ethereum has been on a roll lately, and it's not just a fluke.
Crude oil markets have recently experienced a rally during the early Thursday trading session.
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The AUD/USD experienced a significant rally early in Thursday's trading session, displaying signs of vitality and suggesting the possibility of an upward movement.
Bitcoin's recent trading activity has been a topic of much interest, especially during Thursday's session.
The USD/JPY had a bit of a tough time during the early hours of Thursday's trading session, slipping below the ¥142 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Silver had a good day in trading on Thursday, climbing above the $24 level.
The gold market has been experiencing a surge in recent times, and it appears to be on the verge of reaching the $2050 mark.
The GBP/USD has rallied very rapidly during the trading session on Thursday, as we are now above the 1.2750 level.