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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Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of November 26th, 2023 here.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The euro displayed a notable rally during the trading session on Thursday, only to swiftly relinquish its gains as it encountered persistent turbulence residing above the 1.09 level.
Gold displayed a modest rally during the early hours of Thursday, albeit within the context of a thinly traded session, with the official market paused in observance of Thanksgiving in the United States.
The natural gas markets exhibited a notably subdued performance during the trading session on Thursday, reflecting the ongoing quest for a solid support base.
Silver remained relatively subdued during the trading session on Thursday, with traders contending with diminished liquidity due to the Thanksgiving holiday.
The trading session on Thursday witnessed a lack of substantial movement in the S&P 500, a phenomenon that aligns with the observance of Thanksgiving in the United States.
The trading session on Thursday initially witnessed a decline in the US dollar, underscoring the persistently erratic nature of market behavior at the moment.
The trading session on Thursday witnessed a substantial rally in the British pound, indicating the presence of notable upward pressure yet again.
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The GBP/JPY exhibited a modest retracement initially before swiftly executing an about-face, signaling vitality and embarking on a noteworthy rally.
The world of crude oil markets little movement during after-hours trading, with Thanksgiving taking center stage in terms of attention and market sentiment.
The AUD/USD embarked on a cautious journey during early Thursday trading, teetering on the edge of the 200-Day Exponential Moving Average.
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The USD/JPY embarked on a slight pullback during Wednesday's trading session, only to stage an impressive resurgence and breach the 50-day EMA.
During Wednesday's trading session, the British pound experienced a modest retreat, with the 1.25 level remaining a persistent barrier to further gains.