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 GBP/USD pair continued its recovery on Monday after a relatively busy week for the British pound.
Bitcoin price held quite steady above the key support level at $36,000 as traders waited for the next big catalyst.
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The Australian dollar sits at an important resistance level ahead of a relatively muted week with no major economic data.
WTI Crude Oil speculators may have found a rather polite price range last week if they anticipated movements correctly, the week ahead has intriguing considerations on offer.
GBP/USD traders are likely anticipating a rather intriguing week ahead and may feel rather attracted to the potential of additional upside.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of November 19th, 2023 here.
The US Dollar fell strongly this week, following lower than expected inflation data releases in the USA and the UK.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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The GBP/JPY exhibited a minor retreat during Thursday's trading session, briefly testing the ¥187.25 level—an area that has previously proven to be a bastion of support.
The S&P 500 experienced a modest decline during Thursday's trading session, adding to the ongoing streak of market volatility.
Natural gas markets displayed a notable rally on Thursday, surging to test the 200-Day Exponential Moving Average, an indicator closely monitored by many market participants.
Crude oil market traders have seen a lot of negative action during the training session on Thursday, as we have seen the markets breakthrough major support.
The AUD/USD commenced Thursday's session with a downward trajectory but swiftly garnered interest from buyers, propelling it towards the pivotal 0.65 level.
The trading session on Thursday saw the US dollar take a modest tumble, suggesting a possible return to the ¥150 level, a zone that has provided solid support on multiple occasions.