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 EUR/USD exchange rate continued rebounding after the relatively strong flash European inflation numbers.
The GBP/USD pair rose for the third consecutive day, ending a downtrend that started in September when it peaked at 1.3428.
The AUD/USD pair was trading at 0.6515 on Monday morning, up by 1.25% from its last week’s low of 0.6435.
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Markets were dominated by renewed bullishness in US stocks last week, as Bitcoin failed to break $100,000 and the US Dollar made a strong bearish retracement.
The EUR/USD climbed from its lows on the 22nd of November which were testing long-term low water from late November 2022, the recent upwards shifts shows behavioral sentiment appears to have solidified but it will be tested quickly.
During the month of November, we have seen more of the same in the West Texas Intermediate Crude Oil market, a lot of sideways action.
The US dollar has been positive against the Mexican peso for most of the month of November, and as I write this article.
The month of November has been positive for the S&P 500 again, and as we head into December, this is one of the more interesting times of the year.
The NASDAQ 100 has been pretty noisy during the month of November, but ultimately it looks like we are closing out with a bit of again.
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During the month of November, we have seen the gold market plunge a couple of times, but quite frankly it continues to find plenty of buyers.
The USD/ZAR has correlated to global Forex and seen its value demonstrate a rather robust bullish trend in the wake and aftermath of the U.S election which saw Donald Trump crowned as winner.
The USD/INR embraced a rather rapid climb upwards in November, but it is important to point out a lot of the jump higher occurred over a two day period when the U.S election results unfolded.
The EUR/USD was hit by a massive wave of selling in the wake of the U.S election results and the currency pair is testing lows it has not traded since October of 2023.
BTC eyes $100K, metals hold support, ETH targets $4K, while currencies and WTI stay range-bound.
WTI Crude Oil went into this weekend near the 68.480 ratio, the price range of the commodity found durable support near 68.000 most of the week which saw light holiday trading that matched expectations.