The EUR/USD has done almost nothing over the last week, and that will probably continue to be the case going forward.
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
The AUD/USD has bounced from the 50-Day EMA again, showing resiliency.
The West Texas Intermediate Crude Oil market rallied on Friday to show signs of life again, reaching the 50-Day EMA.
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The S&P 500 has been slightly positive during the Friday session, but Monday will have had the underlying index close.
The NASDAQ 100 finished out last week hanging about the 11,000 level, which is an area that has a certain amount of psychology attached to it, as well as an area that previously has been important.
Gold markets have rallied to close out the week on Friday as we continue to trade in a channel.
The DAX has been quiet over the last week or so, as it is sitting on top of a couple of major moving averages.
The performance of the exchange rate of the euro currency pair against the US dollar, EUR/USD, remained in a neutral position last week.
There is no doubt that the sudden change in the policy of the Central Bank of Japan caused a devastating tsunami for other major currencies against the Japanese yen.
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The price of the pound sterling overcame the decline against the euro, the US dollar, and other currencies before the holidays
Gold futures rose above the $1,800 psychological resistance ahead of the Christmas holidays, giving some cheer to the gold price outlook as 2023 approaches.
Traders who wish to embark on GBP/USD speculative wagers in the coming days should know they are entering potentially dangerous waters.
The EUR/USD delivered a solid trading range for speculators the past week, and this coming week could see more consolidated price action because of the holiday season.
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.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.