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 price is heading downwards from the resistance level at $49,710.
The FTSE 100 went back and forth as we slammed into the 7200 level.
The CAC fell a bit on Friday, pulling back from the 50-day EMA as we continue to consolidate just above a major consolidation of support.
Gold markets rallied significantly on Friday as traders reacted to the jobs number being weaker than anticipated.
The S&P 500 plunged on Friday after the jobs number came in much lower than anticipated.
The NASDAQ 100 plunged lower during the Friday session as the jobs number came out.
The US dollar initially fell on Friday, but after crude oil markets turned around, we ended up forming an exactly inverse candlestick of what we had seen in the WTI grade market.
The West Texas Intermediate Crude Oil market initially rallied on Friday, reaching as high as $69.12 before turning around.
The Bitcoin market pulled back a bit on Friday as we continue to see more “risk off” behavior around the world.
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The British pound fell a bit on Friday as we continue to see plenty of downward momentum.
The euro initially fell on Friday, but the jobs number came out much lower than anticipated, sending the US dollar falling.
The GBP/USD pair is hovering near its lowest level since December 2020 as investors weigh the next actions by the Bank of England (BOE) and the Federal Reserve.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair wavered on Monday morning as the market continued to react to the latest American jobs numbers.
The AUD/USD pair crashed to the lowest level since July 2020 as investors wait for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).
Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of December 6, 2021.