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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The USD/ZAR has continued to trend higher, but volatility is also consistently being triggered in the currency pair which makes it difficult for day traders to take advantage.
Recovery after strong drop from area of long-term high price.
The GBP/USD price has come under pressure in the past two weeks as the US dollar index started its comeback.
The EUR/USD exchange rate wavered ahead of an important week in the financial market.
The AUD/USD pair pulled back slightly after the strong US jobs numbers.
The difference between success and failure in Forex / CFD trading is highly likely to depend on which assets you choose to trade each week and in which direction, and not on the methods you might use to determine trade entries and exits.
Day traders in the EUR/USD likely ran into a costly whipsaw last week if they continued to press ahead with buying positions, this while believing the currency pair had sold off too much and would have to reverse higher.
WTI Crude Oil fell to lower values that had last been seen in a sustained manner in June of 2023, this as the commodity touched 69.000 USD per barrel briefly on Thursday of last week.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 10th, 2023 here.
On Thursday's trading session, Bitcoin experienced a minor retreat, indicating an ongoing quest for value in the market.
The crude oil markets exhibited some upward movement during the trading session on Thursday, hinting at a possible correction to the oversold conditions.
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Sign up to get the latest market updates and free signals directly to your inbox.On Thursday, the US dollar experienced a substantial decline in value, with its downward trajectory taking it to a critical level of ¥145.
Ethereum experienced a modest dip during the early hours of Thursday, a development that, quite frankly, was long overdue.
The S&P 500 exhibited signs of early support in Thursday's trading session, indicating a potential attempt to stabilize within the familiar consolidation range.