Written by experienced traders and professional market analysts, our Forex technical analysis is just what you need to get an edge in your Forex trading. Technical analysis shouldn’t be overwhelming, and our Forex technical analysis is designed for traders at all levels. Need help understanding more complex concepts? Our Forex articles base will provide the explanations you need to succeed.
Forex Technical Analysis
Forex Technical Analysis
The British pound has rallied significantly during the trading session on Thursday to reach towards the 1.37 handle.
The US dollar initially tried to rally a bit during the trading session on Thursday to break above the 50 day EMA temporarily.
The Australian dollar has rallied a bit during the trading session on Thursday as we continue to reach towards the 0.78 handle.
The German index went back and forth during the trading session on Thursday as we hover above what was once significant resistance in the form of the 13,825 level.
The Bitcoin markets have rallied again during the trading session on Thursday to reach towards the $40,000 level again.
The West Texas Intermediate Crude Oil market is essentially hovering at this point, roughly in the middle of the larger consolidation range.
The gold markets gapped a little bit lower during the trading session on Thursday, but then went back and forth to form a bit of a hammer as we continue to see buyers near the 200 day EMA.
The DAX Index remains within shouting distance of record highs recently achieved and, in early trading this morning, has been able to create gains.
The USD/CAD has firmly reestablished its bearish trend the past two days after sustaining a short-term reversal higher.
The NZD/USD has been within the midst of a long-term bullish trend, but did suffer a push backwards recently and touched short-term lows of nearly 0.71500 on the 11th of January.
The USD/ZAR is bouncing along important short-term support levels in early trading today, after coming off highs produced a few days ago.
This week's sell-offs have pushed the EUR/USD pair to the support level of 1.2132 before it settled around the 1.2160 level as of this writing.
The Bank of England's comments about adopting negative interest rates helped push the GBP/USD pair to the periphery of the 1.3700 resistance level, settling around 1.3630 as of this writing.
The USD/JPY pair regained its bearish momentum at the beginning of Thursday's trading, falling from the 104.40 resistance level to stabilize around the 103.60 support level.
A strong US dollar stopped gold from correcting higher and breaking the $1863 resistance level during yesterday's trading session, instead stabilizing around the $1844 level.