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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Gold markets initially tried to rally during the trading session on Monday but gave back quite a bit of the gains to end up forming a relatively lackluster session.
Following the breakdown in the EUR/CAD below its short-term resistance zone, more downside is anticipated to follow.
With the UK elections less than 48 hours away, the outcome remains uncertain. Prime Minister Johnson and his Tories are widely expected to win the election,
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Economic data released out of New Zealand showed a contraction in truck traffic, suggesting fewer goods were moved domestically.
Australian consumer confidence rose slightly at the beginning of the month, and third-quarter house prices came in better than expected.
EURUSD: Weakly bearish with 1.1043 pivotal
AUDUSD: Consolidation between 0.6814 and 0.6862
The USD/JPY price of the pair did not react much to the announcement a better than expected results for US jobs during the month of November.
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The NASDAQ 100 got a huge boost during the trading session on Friday as the US job figures were much better than anticipated.
Next Thursday, the anticipated general elections will be held in the United Kingdom, the outcome of which will determine the fate of Brexit.
The US dollar got a strong momentum amid positive and better than expected US jobs results during the month of November, along with the strength of the dollar, it was natural that the price of gold fell to the $1458 support, and attempts to rebound before the report pushed the price of the yellow metal to the $1480 level, and it is now stable around $1461 at the time of writing.
The Euro fell during the trading session on Friday, as we continue to see a lot of downward pressure on the common currency.
The positive results of last Friday's US jobs report negatively affected the path of EUR/USD upward correction, as it returned to stability around 1.1055 support at the time of writing and the reaction pushed it to 1.1039. Resuming the move towards 1.1000 psychological support will support the return of the downside force again.
The British pound has initially fallen during the trading session on Friday but has turned around to show signs of strength yet again.