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 has displayed a slight positive bias in recent trading sessions, albeit remaining within a relatively stable range.
During Friday's trading session, the crude oil markets displayed a lack of significant movement, primarily due to the holiday focus.
Looking at the Euro's performance against the US dollar, we have seen a slight retracement during the trading session on Friday.
A slight pullback occurred on Friday in the silver markets.
Friday's trading session demonstrated initial attempts to stage a rally. However, the 4,800-level proved to be an insurmountable hurdle.
The US Dollar fell, and stocks rose last week, boosted by continuing sentiment expecting earlier Fed rate cuts in 2024.
Price action in the USD/INR remains rather tight and this puts speculators of the currency pair in a rather challenging position as they try wagering on perspectives.
Traders of the USD/ZAR were ‘treated’ to another month of volatility within the currency pair, but as December progressed the South African Rand did correlate to other major currencies.
The EUR/USD finished 2023 trading with bullish momentum, but it was not without a fight and as January gets ready to start and perspectives likely remain positive.
Bonuses & Promotions
Gold markets have spent most of the month of December being very volatile, but as we close out the year, it has become increasingly obvious that 2024 should be a very strong year for gold markets in general.
If you are the type of person that likes playing with fire, the NASDAQ 100 is for you.
As I look at the S&P 500 at the end of December, it’s obvious that January is set for a major showdown.
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The West Texas Intermediate Crude Oil market has spent most of December recovering from an initial plunge lower.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 1st, 2024 here.