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.
Forex Technical Analysis
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Forex Technical Analysis
The EUR/USD pair at the beginning of the session on Tuesday, but found the 100-exponential moving average to be far too resistive to clear. The British pound initially fell on Tuesday, but found enough support above the 1.24 level to turn things around to form a hammer.
The US dollar bounced on Tuesday, breaking above the 113.50 level. The Australian dollar had a volatile session on Tuesday, going back and forth during the bulk of the trading session.
The S&P 500 broke out during the day on Tuesday, breaking above the 2280 handle and showing signs of a longer-term uptrend getting ready to happen. The NASDAQ 100 broke out during the day on Tuesday, clearing the recent high and suggesting that we are not only going to touch 5100, but were going to break above there.
The WTI Crude Oil market had a quiet Tuesday, as we await the inventory numbers today. The natural gas markets initially tried to rally during the session on Tuesday, but turned around to form a shooting star.
Gold prices dropped $9.53 an ounce yesterday, giving up all of the gains made in the previous session, as the dollar firmed and U.S. equities climbed.
Get the NZD/USD Forex signal for January 24, 2017 here.
Get the AUD/USD Forex signal for January 24, 2017 here.
Get the USD/JPY Forex signal for January 24, 2017 here.
Get the USD/CAD Forex signal for January 24, 2017 here.
Get the USD/CHF Forex signal for January 24, 2017 here.
Get the GBP/USD Forex signal for January 24, 2017 here.
Get the EUR/USD Forex signal for January 24, 2017 here.
The EUR/USD pair rose towards the 1.0750 level during the session on Monday, testing significant resistance. The British pound broke higher on Monday, slamming into the 1.25 handle.
The WTI Crude Oil market fell initially on Monday, but found enough support at the previous gap to turn around and form a slightly positive looking candle. Natural gas markets initially fell on Monday, but did find a bit of footing at the $3.13 handle.
The S&P 500 fell on Monday, but continues to find buyers every time it drops. The NASDAQ 100 fell initially during the day but turned around to form a bit of a hammer.