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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Gold (XAU/USD) at all-time high near $2,075/oz as markets anticipate Fed rate cut. Will the rally continue? Analysis and forecast for the coming days
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The Ethereum market exhibited a noteworthy rally during the trading session on Friday, making it clear that we are on the verge of a crucial test at the $2125 threshold.
The euro exhibited a back-and-forth pattern during Friday's trading session, reflecting the persistently turbulent market conditions.
The gold market made an initial attempt to rally during the most recent trading session on Friday, but it encountered significant resistance around the $2050 level.
The USD/JPY experienced initial weakness against the Japanese yen in Friday's trading session but managed to reverse its course, displaying signs of resilience.
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.
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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.
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Sign up to get the latest market updates and free signals directly to your inbox.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.