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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During my daily analysis of exotic currency pairs, watching the Philippine peso is interesting, because it gives you a look at what’s going on in the emerging markets overall.
During my daily analysis of the West Texas intermediate crude oil market, or the “US oil” market.
Bitcoin has recovered but remains unable to test the big round number at $100,000. Bitcoin’s consolidation below this level now seems to be taking a bearish turn, with the price likely heading lower over the short-term.
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In my daily analysis of the major currency pairs, the NZD/USD pair captures my attention due to the fact that we have seen a lot of upward trajectory.
Gold markets rallied during the early hours of Friday as we continue to see the market bounce from the 50 Day EMA.
During my daily analysis of the EUR/USD pair, the first thing that comes to the forefront is the fact that we try to break above the crucial 1.06 level.
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.