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BTC/USD
Bitcoin saw a little bit of a pullback during the week, but it looks as if the $40,000 level will continue to be important. It has held nicely as support, and I think there will be value hunters willing to pick up Bitcoin at such a “cheap” level.That being said, I also recognize that we are heading into the end of the year, and liquidity could be a serious problem. Because of this, you will have to be very cautious with your position sizing, especially when it comes to cryptocurrency.

USD/CAD
The US dollar plunged against the Canadian dollar as the Federal Reserve appears ready to cut rates next year. It is probably only a matter of time before the Bank of Canada follows suit, as the two economies are so heavily intertwined.However, one should pay close attention to crude oil because it is starting to show signs of bullish pressure again. That could help this market break down below the crucial 1.33 level that offers support.

WTI Crude Oil
Crude oil initially plunged during the course of the trading week, but it has seen a lot of buying pressure since, suggesting that it could be approaching some type of bottom. If that ends up being the case, then I suspect traders will start to build longer-term positions.If that occurs, a lot of volatility may arise, and it would be wise to be cautious in such scenario. This is because making a bottom is often very noisy, and there may be a lack of liquidity heading into the end of the year. Underneath, the $65 level is still a major support level.

USD/CHF
The US dollar fell against the Swiss franc, but the 0.87 level appears to be offering a bit of support. The market may be in the middle of forming a massive “double bottom.”The question that keeps popping up is: “are we heading into a global recession?” If that proves to be the case, the US dollar could pick up a bit of momentum.

Gold
Gold moved all over the place during the week, and it ended up closing on a sour note. The 2000 level underneath is support, but the fact that it gave up so much on Friday seems to suggest that gold may struggle to go further from here.The Federal Reserve is pivoting, and that could end up helping the yellow metal. Gold remains neutral between now and the end of the year, with a slightly negative bias.

EUR/USD
The EUR/USD currency pair shot higher during the course of the week to test the 1.10 level, but Friday proved to be a horrible session. Ultimately, it looks to be stuck between the 200-week EMA at the 1.10 level, and the 50-week EMA near the 1.0750 level. What looked so promising at the beginning of the week suddenly doesn’t look so thrilling.

DAX
The German DAX initially tried to rally during the week, but it ended up forming a nasty-looking shooting star. Quite frankly, this is a market that has been overdone for some time, right along with many other stock indices.I also recognize that even though it appears to be overbought, the real culprit might be the fact that it’s the end of the year and traders will want to book gains. In order to do so, they will have to sell their positions. A break down below the lows of the week could see the DAX dropping down to the EUR16,500 level.

GBP/USD
The British pound shot higher against the US dollar during the course of the week. However, the 1.2750 level offered enough resistance to keep the market down. At this point, it is very much like the euro in the sense that it has been bouncing between the 200-week EMA and the 50-week EMA indicators as we approach the end of the year. More By This Author:Ethereum Forecast: Looks BullishSilver Forecast: Looks Strong AgainBTC/USD Forecast: Will Bitcoin Continue to Rally?