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.
Most Recent
During the month of November, we have seen the gold market plunge a couple of times, but quite frankly it continues to find plenty of buyers.
The USD/ZAR has correlated to global Forex and seen its value demonstrate a rather robust bullish trend in the wake and aftermath of the U.S election which saw Donald Trump crowned as winner.
The USD/INR embraced a rather rapid climb upwards in November, but it is important to point out a lot of the jump higher occurred over a two day period when the U.S election results unfolded.
Top Forex Brokers
The EUR/USD was hit by a massive wave of selling in the wake of the U.S election results and the currency pair is testing lows it has not traded since October of 2023.
BTC eyes $100K, metals hold support, ETH targets $4K, while currencies and WTI stay range-bound.
WTI Crude Oil went into this weekend near the 68.480 ratio, the price range of the commodity found durable support near 68.000 most of the week which saw light holiday trading that matched expectations.
USD/ZAR remains range-bound, finding support at 18 ZAR and eyeing resistance at 18.40 ZAR, with potential for a breakout toward 19 ZAR.
The first thing that I see is that the market has pulled back just a bit to show signs of weakness, only to turn around and show signs of life.
The US dollar has bounced a bit during the early hours on Thursday, to turn things around against the Japanese yen.
Bonuses & Promotions
During my daily analysis of exotic currency pairs, the USD/MXN and pair has captured my attention, due to the fact that we have seen a significant drop during the session.
USD/CAD pulls back from resistance near 1.42, with key support at 1.40 and Canadian GDP data likely to influence short-term direction.
The Australian dollar initially pulled back just a bit during the early hours on Thursday but has turned around to show signs of life
CAD/JPY steadies near 107.50, with yen-driven moves dominating; key levels include resistance at 109.50 and support at 104.
Gold was rather quiet during the trading session on Thursday, which of course is not a huge surprise considering that the futures markets would have had limited trading due to Thanksgiving holiday in the United States.
Silver initially fell during the early hours on Thursday, only to turn around and show signs of life as we bounce directly from a trend line.