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 GBP/USD exchange rate is holding steady near its highest point since August as the US dollar retreat continued.
The EUR/USD price retreated sharply on Friday after a hawkish statement by Jerome Powell, the head of the Federal Reserve.
The Australian dollar started December with a bang as the US dollar index (DXY) retreated.
Price is established well above round number at $40,000.
The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
WTI Crude Oil finished near the 74.350 USD price per barrel on Friday.
The GBP/USD was trading near the 1.26150 mark on Friday which may have set off alarm bells among cautious speculators, this as Tuesday’s and Wednesday’s highs above the 1.27000 level seemed as if they would vanish into the sunset.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 3rd, 2023 here.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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The USD/CHF struggled to find direction most of the day on Thursday against the Swiss franc as the markets have embarked on quite a bit of volatility.
Silver's overall bullish sentiment remains intact, but it's currently grappling with a pivotal obstacle at the $25 level, a significant psychological and round figure that demands our attention.
The gold markets experienced a modest decline in the early hours of Thursday's trading session, but there is no immediate sign of a significant breakdown on the horizon.
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Sign up to get the latest market updates and free signals directly to your inbox.The Ethereum market maintained a sense of calm during the early hours of Thursday's trading session, hovering just slightly above the critical $2000 threshold.
Bitcoin demonstrated a mixed performance during the Thursday trading session, leaving market participants oscillating between bullish aspirations and concerns of potential overextension.
The S&P 500 made an initial attempt to rally during Thursday's session, yet it continues to grapple with considerable resistance just above.