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 West Texas Intermediate Crude Oil market has fallen rather hard during the trading session on Friday, in what might have been partially due to low volume
USD/JPY Continued its bullish momentum, as investors risk appetite and attention is cautiously moving towards the date and details of the US-China trade agreement; the main driver of financial markets over the past 18 months.
With the markets returning to the full nature of their work after a prolonged US holiday for the Thanksgiving, and investors avoided trading, gold investors are questioning the success of it holding in the face of the USD strength and the return of investors' risk appetite amid optimism of resolving the trade dispute between the United States and China.
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For the second day in a row, EUR/USD is trying to correct higher even after Eurozone inflation data for November surprisingly achieved higher than expected gains, and the reaction was limited as the data did not change the pessimistic ECB interest rate expectations.
The Australian dollar continues to go back and forth during the trading session on Friday, as we are testing the 0.6775 handle
The US dollar continue to go back and forth against the Japanese yen, and on Friday initially tried to rally but gave back some of the gains.
British pound traders initially sold to kick off the trading session on Friday, but then turned around to show signs of life again.
The S&P 500 went back and forth during the trading session on Friday after gapping lower, but this would have been extraordinarily low volume.
Bitcoin markets rallied a bit during the trading session on Friday and what would have been very light trading overall, as Americans are still focusing on the Thanksgiving holiday.
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The NASDAQ 100 went back and forth during the trading session on Friday, in what would have been very light trading.
Gold markets have rallied a bit during the day on Friday in what would have been very low volume.
Despite the release of a disappointing New Zealand terms of trade index for the third quarter, with a contraction in trade volume grabbing the attention of traders,
Bullish momentum in the CAD/CHF is fading as this currency pair eclipsed its entire Fibonacci Retracement Fan, but ran into a strong resistance zone.
Japanese company sales and profits decreased for the third quarter, but capital spending accelerated.
GBPUSD: Weakly bullish within 1.2750 – 1.3000 range