he British pound has rallied against the Swiss franc for the last several months, but it looks as if we are running into serious trouble at the 1.35 handle above.
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 US dollar has been reasonably positive against the Japanese yen over the last several months, and it looks likely that we will continue to see buyers underneath.
The New Zealand dollar has bounced recently from the vital 0.68 handle, and as I write this, testing the vital 0.70 level above.
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Gold markets have been a bit difficult over the last couple of months, but as you can see I have drawn a nice uptrend line that has offered support of the last couple of weeks.
The EUR/USD pair has been volatile over the course of the last 6 months or so, but the one thing that you cannot deny is that we’ve seen a lot of bullish pressure.
The Australian dollar has been rather choppy over the course of the last year.
The British pound has been grinding higher for some time, and has been very bullish when you look back at 2017.
There are a lot of factors that are unknown currently for EUR/USD pair, making this prediction one of the most difficult.
The WTI Crude Oil market can be difficult to predict where it goes on for 2018, because it has a massive amount of noise.
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Get the weekly Forex forecast for December 25, 2017 here.
The EUR/GBP pair has been very volatile over the last several months, but one would expect that considering that we have had so much in the way of headline noise coming out of the negotiations between London and Brussels.
Gold prices ended Thursday slightly higher after a quiet session.
The EUR/USD pair went back and forth during the day on Thursday, as we have reached a recent high, causing the market to pull back ever so slightly.
The WTI Crude Oil market initially fell on Thursday, but turned around to break out to the upside.
The US dollar went back and forth during the trading session on Thursday, as traders reacted to a less than stellar GDP number coming out of the United States.