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 EUR/USD delivered a solid trading range for speculators the past week, and this coming week could see more consolidated price action because of the holiday season.
The cash price for WTI Crude Oil finished near the 80.480 mark before going into the weekend.
The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 2nd, 2022 here.
The NASDAQ 100 has continued to see negative pressure during the month of December, and I don’t think January is going to be much better.
Gold has spent most of the month of December trying to rally, but also has shown a proclivity to have trouble above the $1800 level.
The S&P 500 has had a very rough December, and we suspect that January is just going to be more of the same.
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As we head into the new year, the Euro has rallied on Thursday to trade to the top of the short-term range that we have been in.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/CHF dollar has fallen again during the trading session on Thursday, as it looks like we are hell-bent on testing serious support underneath.
The NZD/USD has shown a bit of a “risk on move” during the session on Thursday, but it’s worth noting that we are still very much in a consolidation area.
The GBP/USD has rallied ever so slightly during the day on Thursday, but it looks as if we have nowhere to be.