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
Contrary to the performance at the beginning of trading this week, the price of the pound sterling against the US dollar GBP/USD has returned to rebound higher.
Yesterday, in one of the last major economic events of 2023, the Bank of Japan concluded its December 2023 monetary policy meeting and issued its latest decision on interest rates.
Pressures on the US dollar is still helping gold prices XAU/USD to rebound higher and maintain the psychological resistance of $2,000 per ounce.
The USD/CAD continues to remain near important mid-term support levels and sustained lower prices may prove attractive to speculative bears.
The NZD/USD has continued to trend upwards, and as the holiday season quickly approaches speculators have wagering opportunities ahead.
On Tuesday, the USD/JPY demonstrated remarkable strength, swiftly breaching the ¥145 level.
During the recent trading session, the S&P 500 exhibited signs of renewed strength, underscoring the ongoing upward pressure in the market.
The Natural Gas market experienced a modest decline during the latest trading session, with the $2.50 level acting as a formidable barrier to further upward movement.
In the realm of energy commodities, the Crude Oil markets witnessed a rollercoaster ride during the recent trading session.
Bonuses & Promotions
The AUD/USD showcased its resilience during the most recent trading session, surging once again and breaking the previous couple of candlestick highs.
My previous GBP/USD signal on 6th December was not triggered as the bearish price action took place slightly above the resistance level which I had identified at $1.2635.
Silver experienced a modest rally during Tuesday's trading session, reaching the pivotal $24 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The gold market underwent a minor retracement during Tuesday's trading session but exhibited its characteristic resilience.
The EUR/USD exhibited a degree of upward momentum during the trading session on Tuesday, indicating a potential intention to challenge the psychologically significant 1.10 level situated above.
Ethereum showed signs of an upward trend early in the trading session on Tuesday.