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 EUR/USD currency pair achieved stronger gains as it jumped to the 1.1963 resistance, its highest level in three months, and closed last week's trading around there.
In contrast to other major currencies’ performance, the GBP/USD currency pair moved lower towards the 1.3288 support during last Friday's session and closed the week’s trading around the 1.3308 level.
Rise running out of steam at $18,674?
Strong resistance just overhead at 1.2000.
Throughout last week’s transactions, the price of gold was in a continuous decline.
The US dollar has been selling off in the Forex market, as investors abandon it as a safe haven amid news of coronavirus vaccines and Trump’s initiation of a transition to Biden.
The British pound initially tried to rally during the course of the session on Friday, but then broke down to reach towards the 1.33 handle.
The euro rallied again during the trading session on Friday, but remember that many people are away from their desks the day after Thanksgiving.
The Bitcoin market had a relatively quiet Friday, which is something that people needed to see in order to suggest that the uptrend will continue.
Bonuses & Promotions
The US dollar fell slightly during the trading session on Friday, breaking down below the ¥104 level.
The Australian dollar rallied during the trading session on Friday, breaking above the 0.7350 level and then reaching towards the 0.74 handle.
The NASDAQ 100 pulled back during the trading session on Friday, but then rallied again to reach towards the 12,275 level, which was the most recent area for highs.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The West Texas Intermediate crude oil market pulled back a bit during the trading session on Friday, but found buyers underneath to support the market.
The gold markets initially tried to rally during the trading session on Friday but then broke down significantly.
Silver markets pulled back during the trading session on Friday as we continue to see the move out of precious metals.