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 surged to over $38,442 during the weekend, the highest point since April 2022.
The AUD/USD exchange rate continued soaring as the US dollar index (DXY) retreated to the lowest point since August.
Trading in the EUR/USD produced a high last Tuesday not seen since the second week of August, but light holiday volume hit the currency pair later and the price range became rather tight again.
The US Dollar fell, and stocks rose last week, following the continuation of improved risk sentiment following lower than expected inflation rates likely to lead to more dovish central bank policies.
WTI Crude Oil kept a rather polite price range all of last week with only a few bursts of volatility, this as holiday trading volumes became thin and speculators watched.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of November 26th, 2023 here.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The euro displayed a notable rally during the trading session on Thursday, only to swiftly relinquish its gains as it encountered persistent turbulence residing above the 1.09 level.
Gold displayed a modest rally during the early hours of Thursday, albeit within the context of a thinly traded session, with the official market paused in observance of Thanksgiving in the United States.
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The natural gas markets exhibited a notably subdued performance during the trading session on Thursday, reflecting the ongoing quest for a solid support base.
Silver remained relatively subdued during the trading session on Thursday, with traders contending with diminished liquidity due to the Thanksgiving holiday.
The trading session on Thursday witnessed a lack of substantial movement in the S&P 500, a phenomenon that aligns with the observance of Thanksgiving in the United States.
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The trading session on Thursday witnessed a substantial rally in the British pound, indicating the presence of notable upward pressure yet again.
The GBP/JPY exhibited a modest retracement initially before swiftly executing an about-face, signaling vitality and embarking on a noteworthy rally.