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 USD/CAD pair rallied during the session on Monday, to continue the move above the 1.06 handle. Now that we are comfortably above that level, I feel that this market has carte blanche to continue all the way to the 1.10 handle without too many issues.
The GBP/USD pair rallied during most of the session on Monday, but as you can see found so much resistance above the 1.64 handle that we ended up forming a wicked shooting star. Because of this, I think that the market will in fact pullback over the next several sessions, and this makes sense, as we have been so parabolic recently.
The EUR/USD pair initially tried to rally during the session on Monday, but found the 1.36 area before too resistant, and then fell below it to close at roughly 1.3540 for the day.
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The WTI Crude Oil markets rose during the session on Monday, challenging the top of the shooting star that the market had formed on Friday.
The AUD/USD pair tried to rally during the session on Friday, and as you can see did managed to keep some of the gains. However, at the end of the day the pair struggled to go higher, which of course doesn't surprise me considering that we formed a perfect shooting star on Thursday.
The EUR/USD pair tried to rally initially during the session on Friday, but as you can see the 1.36 level continues offer enough resistance to keep the market down.
The WTI Crude Oil markets try to rally during the session on Friday, but as you can see gave back almost all of the gains, especially as we hit the $94.00 handle.
The XAU/USD pair posted first weekly gain in five weeks as market players started covering their short position prior to the U.S. employment data which will be released this week.
Check out the signal for the EUR/USD pair here.
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Check out the signal for the GBP/USD pair here.
Check out the signal for the USD/JPY pair here.
Check out the updates for signals posted in the month of November, here.
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Check out what's in store for the EUR/USD pair for the first week of December here.
Start a new month with the weekly Forex forecast of some of the major pairs here.