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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There is strong support below $47k.
The CAC 40 Index drifted a little bit lower on Friday after filling the gap a couple of days ago.
The Bitcoin market initially tried to rally on Friday but gave back gains as we continue to see crypto get hit right along with everything else.
Gold markets had a rather volatile Friday session as we bounced around to show signs of indecision.
Silver markets dipped initially on Friday to reach below the $22 level, so it is likely that we would see a lot of support.
The West Texas Intermediate Crude Oil market rallied towards the top of the short-term range on Friday, but gave back gains, mainly due to a lot of people covering heading into the weekend.
The US dollar initially tried to rally on Friday as we approached the 9.0000 NOK level.
The NASDAQ 100 recovered quite nicely on Friday as we have seen the market show signs of life yet again.
The S&P 500 rallied significantly on Friday as we are continuing to see a lot of noisy behavior in this market, but a lot of chasing each dip that occurs.
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The euro initially fell on Friday but turned around to recover again and reach towards 1.1350 level.
The British pound initially pulled back just a bit on Friday, but then shot higher to break above the 1.3250 level.
The EUR/USD held steady on Monday morning as the market reflected on the relatively strong US inflation data.
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Sign up to get the latest market updates and free signals directly to your inbox.The AUD/USD pair is hovering near its highest level in two weeks as investors focus on the upcoming US retail sales data and the Federal Reserve decision.
The GBP/USD pair held steady on Monday morning as the market refocused on a relatively busy week.
Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of December 13, 2021.