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.
Most Recent
The US dollar made a swift ascent above the 145 yen level on Friday, fueled in part by a stronger-than-anticipated jobs report that provided some momentum to the move.
Natural gas witnessed a decline on Friday as it neared the 200-day Exponential Moving Average, a technical indicator known for its potential to generate market turbulence.
Gold experienced a slight decline in response to the moderately stronger-than-expected jobs report from the United States, a reaction closely tied to movements in interest rates.
In the West Texas Intermediate (WTI) crude oil market, there has been a notable rally, bringing prices to the upper boundary of the ongoing consolidation phase.
The Australian dollar witnessed an initial downturn during Friday's trading session, but subsequently showed signs of a resurgence.
The GBP/USD exchange rate bounced back after the relatively strong economic numbers from the UK and the United States.
The BTC/USD price remained on edge as traders continued waiting for the upcoming spot Bitcoin ETF decision by the Securities and Exchange Commission (SEC).
The AUD/USD exchange rate crawled back as traders reflected on the strong US jobs report published on Friday.
Coffee cash prices via the ICE Exchange dropped last week and the price for the commodity is now bumping against lower values not seen since the second week of December.
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This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The EUR/USD traded in a rather turbulent fashion the past week.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 7th, 2024 here.
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Sign up to get the latest market updates and free signals directly to your inbox.WTI Crude Oil finished last week’s trading within sight of its weekly high, and as full trading volumes gets set to return in the coming days traders face an intriguing market.
The first week of 2024 saw a strong market reversal in favor of risk-off assets such as the US Dollar, while stock markets fell quite sharply for most of the week.
The crude oil market made an initial attempt to rally during Thursday's trading session but encountered resistance.