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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My previous EUR/USD signal on 8th November was not triggered as unfortunately the bullish price action took place a few pips below the support level which I had identified at $1.0668.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of November 12th, 2023 here.
The EUR/USD was trading near a high of almost 1.07575 on Monday of last week which touched a high last seen on the 13th of September.
WTI Crude Oil will begin its cash trading around the 77.290 mark this week.
The US Dollar and US Stock markets rose firmly, in a move which is not easily explained by fundamentals or sentiment.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The British pound has initially tried to rally during the trading session on Thursday but gave back gains rather quickly against the Swiss franc.
The euro experienced another decline in its value during Thursday's trading session, reflecting the ongoing struggle between two significant moving averages.
The gold market experienced a downturn during Thursday's trading session, with a notable test of the 50-Day Exponential Moving Average.
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Natural gas markets experienced a challenging series of sessions this week, yet as we progress into the latter part of the week, signs of potential stabilization emerge on the horizon.
Silver commenced the Thursday session with a downward trajectory but swiftly exhibited signs of resurgence.
The British pound displayed a back-and-forth dance in the early hours of Thursday's trading session, positioning itself just below the 50-Day Exponential Moving Average.
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The United States dollar experienced a brief pause in its trading momentum on Thursday, sparking speculation about the currency's future trajectory.
The West Texas Intermediate Crude Oil market made efforts to steady itself on Thursday amidst ongoing turbulence.