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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Yet strong resistance in the $1.1000 area.
The GBP/USD exchange rate held steady as the market reflected on last week’s economic numbers from the UK.
Bitcoin price continued to consolidate on Monday as traders waited for the next catalyst and as the recent spot ETF momentum faded.
The AUD/USD exchange rate bounced back after tumbling to its November low last week.
The GBP/USD finished Friday’s trading at the 1.27000 level as the currency pair went into the weekend.
Get the weekly Forex forecast for major currency pairs for the week of January 22-26, 2024 here.
S&P 500 rebounds; USD/JPY rallies; WTI faces $75 resistance; AUD/USD tests 0.65; USD/CHF nears 0.87; Bitcoin at $40K; Gold tests $2000; Nikkei remains strong.
Speculators who like the capability to test support and resistance levels within commodities are likely feeling almost relaxed regarding WTI Crude Oil.
Looking at the British Pound, you can see that the market has initially tried to rally during the trading session on Thursday but gave back the gains rather quickly.
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Looking at the Nasdaq 100, you can see that the market is on the precipice of trying to break out for a big move.
The S&P 500 has been bullish on Thursday and we are roughly in the middle of the overall consolidation area between $4700 on the bottom and $4800 on the top.
As New York got down to business, the 148 yen level was tested, and we'll have to see whether or not we can continue to go higher as a result.
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The crude oil market has been somewhat choppy during the trading session here on Thursday, as we continue to grind back and forth.
The US dollar has gone back and forth during the course of the trading session on Thursday as we continue to hang around the 1.35 level.