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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West Texas Intermediate Crude traded in light volume during the Thanksgiving Day holiday, drifting a little bit lower.
The Euro has initially tried to rally during the trading session on Thursday, but keep in mind that it was Thanksgiving Day,
Unfortunately, the Australian dollar is highly levered to the US/China trade situation, which of course is all over the place
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The US dollar has gone back and forth during the trading session on Thursday, in what would have been relatively thin trading due to the Thanksgiving Day holiday.
It's obvious that the USD/JPY pair is trying to break out, and it’s probably only a matter of time before it actually occurs.
The British pound initially tried to rally during the training session on Thursday, but with Donald Trump signing the bill backing Hong Kong protesters from the U.S. Congress
Bullish momentum in the EUR/AUD is fading and more downside is expected to follow.
New Zealand economic data released this morning showed an increase in consumer confidence for November while building permits decreased.
The EUR/USD fell to the 1.0992 support during Wednesday's session, as the pressure on the Euro continues with the contrast economic performance between the US and the Eurozone.
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It is noticeable for forex traders that GBP/USD is singing alone and ignoring the strength of the US dollar, as the pair rose to the 1.2950 resistance f at the time of writing, after the recent correction attempts failed to break the 1.2800 support.
Gold's current stability may be negatively affected by investors' risk appetite and strong US dollar.
While most cryptocurrencies bounced higher following a sharp sell-off led by Bitcoin, the bearish trend remains dominant.
Investors' risk appetite and better results from the US economic data package yesterday provided momentum for the USD/JPY pair, which spiked towards the 109.60 resistance level, a six-month high, before settling around 109.45 at time of writing.
The Euro fell during the trading session on Wednesday, testing the 1.10 level.
The US dollar has rallied significantly during the trading session on Wednesday, breaking to a fresh, new hunting, as we are looking to take off to the upside yet again