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 NASDAQ 100 has been somewhat lackluster during the month of December, which is a bit shocking considering that one of the most widely followed premises in the stock market is the so-called “tentacles rally.”
During my daily analysis of major currency pairs around the world, one of the first places always look is the USD/JPY pair, because quite frankly, it is one of my favorite pairs to trade.
During my daily analysis of the commodity market, the chart that really stands out, perhaps with the exception of the natural gas market, is the silver market.
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During my daily analysis of exotic currency pairs, I have been paying close attention to the 57.75 PHP level, as the Philippine peso has been strengthening quite nicely against the US dollar over the last 2 weeks.
During my daily analysis of the commodity markets, the first one of the markets that catches my attention is by far the natural gas market.
The euro ends 2024 near multi-year lows against the dollar, with bearish momentum expected to persist into early 2025.
Gold prices dip below $2600, pressured by Fed policy and dollar strength, but geopolitical risks and central bank buying hint at a potential rebound.
During my daily analysis of Bitcoin, the first thing I see is that we are in fact struggling a bit.
The euro remains under pressure, facing resistance near 1.06 and risking a move to parity amid economic struggles and US dollar strength.
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The USD/BRL finds itself trading within the higher realms of its long-term price range, this as holiday trading has created some calm and allowed financial houses to put off their worries until next week.
The Canadian dollar gains against the Swiss franc, supported by a strong 0.62 floor, oil prospects, and favorable economic dynamics.
Ethereum trades sideways below the 50-day EMA, awaiting Bitcoin's influence and increased liquidity to drive momentum.
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The USD/ILS has demonstrated a rather quiet holiday price range, and found a middle ground as volumes remain very thin and speculators appear to be waiting for full market action next week.
The EUR/USD exchange rate resumed the downtrend as investors embraced a risk-on sentiment, leading to a higher US dollar.
The Australian dollar struggles near 0.625, with limited upside and potential for a breakdown to 0.55 as bearish momentum persists.