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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WTI Crude Oil appears ready to begin February trading with a two-month upwards trend firmly established, as a variety of concerns help fuel bullish sentiment.
The US dollar rallied from the 50-week EMA against the Indian rupee in January and has seen strength against almost all currencies.
The US dollar saw a resurgence during the month of January, as inflationary pressures are forcing the Federal Reserve to tighten monetary policy.
The euro fell apart during the last week of January, the finale to what had been a very noisy and choppy sideways market.
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The British pound has broken down rather significantly on Thursday as we continue to see a lot of US dollar strength based upon “risk off” trading in general.
The Euro has broken down rather significantly during the course of the trading session on Thursday as we continue to see a lot of negativity out there.
Bonuses & Promotions
The German index went back and forth on Thursday as we continue to see a lot of concerns and misunderstanding about risk appetite at the moment.
The S&P 500 has been very indecisive on Thursday, as we continue to see a lot of noisy behavior, and of course respect of the 200 day EMA.
The NASDAQ 100 has gone back and forth on Thursday as we continue to see a lot of noisy behavior, and therefore what we would consider to be unstable.
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The WTI Crude Oil market initially tried to rally on Thursday but gave back quite a bit of the gains to in the day essentially unchanged.
Bitcoin went back and forth during the course of the trading session on Thursday as we continue to see a lot of noisy behavior.