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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Forex Technical Analysis
Silver markets pulled back during the trading session on Friday as we continue to see the move out of precious metals.
The S&P 500 pulled back a bit during the trading session on Friday to then turn around and show signs of strength.
The 13300.00 level may be giving speculators within the DAX Index a case of indigestion; several attempts have been made to sustain momentum above this mark in July, September and recently with limited success.
Traders of the USD/INR had to endure a difficult month of November trading.
November produced a strong amount of bearish momentum in the USD/ZAR and may raise suspicious eyebrows from speculators.
The one great thing about trading indices is that in the United States, there always seems to be a reason to buy them.
Silver markets have been rather choppy during the month of November, as we are trying to find stabilization.
Gold markets will be very tricky going into the year’s end.
The euro has rallied significantly over the last several weeks heading into December, showing that the decline of the dollar is still very much on the minds of traders.
The NASDAQ 100 has been somewhat range-bound over the last couple of months, but as we start to look towards December, it is very likely that we will see an attempt to break out.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of November 30 2020.
On the 17th and 18th of November, the USD/PKR proved it has a significant capability to test support levels not challenged since March of this year.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 30 here.
Dumb luck, coincidence or actual impetus witnessed a predicted rise in the price of WTI Crude Oil the past three weeks.
Start the week of November 30 with our Forex forecast focusing on major currency pairs here.