Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of December 27, 2021.
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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Start the week of December 27, 2021 with our Forex forecast focusing on major currency pairs here.
The British pound has shot straight up in the air against the Swiss franc on Thursday, but it is worth noting that he gave back about half the gains.
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The British pound has rallied again during the trading session on Thursday to continue its parabolic run.
The US dollar has pulled back again during the trading session on Thursday against northern counterpart.
The US dollar plunged quite substantially against the Norwegian krone on Thursday, only to turn around and end up with a slightly negative clothes.
The West Texas Intermediate Crude Oil market has initially dipped a bit during the day on Thursday, only to turn around and show signs of life again.
Ethereum has drifted a little bit lower during the trading session only to turn around and recapture those losses.
The US dollar has been chipping away at the 5.73 real level over the last several months, and it appears that we are getting ready to have another go at it.
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The US dollar initially tried to rally on Thursday but gave back gains to form a bit of an inverted hammer.
Bitcoin markets dropped a bit to kick off the trading session on Thursday, but then turned around to recover all of those losses.
Gold markets have initially fallen on Thursday but found enough support near the 200 day EMA to turn around and go positive for the session.
Since hitting a high on the on the 21st of December near 5.7500, the USD/BRL has reversed lower, but light holiday trading awaits speculators in the coming days.
The USD/MXN has continued to incrementally decrease and is now bouncing against important mid-term support ratios as the holidays loom.
The US dollar's gains stopped, which helped gold prices move upwards, stabilizing around the level of $1808 as of this writing.