The USD/BRL has had a whirlwind of trading action the past two weeks, but the holidays should deliver some relative calm for speculators over the near-term.
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 GBP/USD pair was flat after the Conference Board published the latest US consumer confidence report and after the latest UK GDP data.
The AUD/USD pair changed slightly this week as the forex industry continues to experience low volume due to the Christmas holiday.
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The British pound faces challenges against the US dollar, testing 1.25 support while likely remaining in a 1.25-1.2750 range amid holiday-driven low liquidity.
Bitcoin price continued its downward trend as the recent upward momentum faded.
Valid long-term bearish trend but likely to range today between $1.0377 and $1.0422.
The Turkish lira continues its decline against the USD, approaching 35.25 amid high inflation, reduced monetary support, and anticipation of Turkey's interest rate decision.
During my daily analysis of the financial markets, the NASDAQ 100 has captured my attention more than just about anything else, because of the violent moves that it has made.
GBP/USD remains bearish amid BoE rate policy uncertainty and dollar strength, with key support at 1.2475 and resistance at 1.2800 marking critical levels.
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The US dollar initially did try to rally during the trading session on Friday, but gave back the gains rather rapidly as the US dollar is certainly overbought at this point.
Dear my daily analysis of commodity markets, it’s worth noting that the silver market is currently bouncing near the 200 Day EMA indicator, which of course is a strong technical signal.
What markets rallied rather significantly during the trading session on Friday, breaking above the top of the inverted hammer from the Thursday session.
USD/JPY extends its bullish trend, approaching 160.00 as dollar strength persists, supported by diverging monetary policies and resilient investor sentiment.
During my daily analysis of global indices, the German DAX has captured my attention as it has fired off a fairly strong signal via technical analysis.
EUR/USD remains bearish near two-year lows, with economic turmoil, ECB rate cuts, and US shutdown fears signaling further downside potential.