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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AUDUSD: Support around 0.6800 threatens to break down
USDJPY: Ranging between 108.25 and 109.00
After the recent collapse gold prices to the $1458 level after the announcement of better-than-expected US jobs numbers by the end of last week, prices have been moving in a narrow, limited and stable range around $1463 at the time of writing, awaiting any developments.
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Cautious wait-and-see mode characterizes GBP/USD price performance in recent trading sessions, while maintaining the upward momentum and indifference to important economic releases.
The Japanese Yen is still the strongest according to the recent performance of the USD/JPY pair, even with the announcement of stronger US jobs results than expected for the month of November.
The British pound has rallied a bit during the trading session on Monday, only to give back about half the gains.
The West Texas Intermediate Crude Oil market initially fell during Monday trading as we got reports from OPEC that they were cutting 500,000 barrels per day.
Natural gas markets gapped lowered to kick off this session on Monday as some whether reports are calling for warmer temperatures in the month of December.
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The S&P 500 is pulling back at this point but it’s very likely that it will continue to find buyers underneath.
NASDAQ 100 traders sold off initially during the trading session on Monday, but at this point it hasn’t been much of a sellout.
The Euro rallied a bit during the trading session on Monday but gave back quite a bit of the gains to form a less than impressive candlestick.
The Australian dollar initially fell during the trading session on Monday but continues to find support underneath at the 50 day EMA.
The US dollar had initially pulled back during the trading session on Monday but has turned around to show signs of life again.
Bitcoin markets initially tried to rally during the trading session on Monday but gave back the gains to form a less than impressive candlestick.