Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of January 17, 2021 here.
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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Start the week of January 17, 2022 with our Forex forecast focusing on major currency pairs here.
Gold market sold off rather drastically, but the market then turned around to show signs of life in order to form a bit of a hammer.
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The Bitcoin market has pulled back just a bit during the trading session on Thursday as we continue to see a lot of noisy behavior in general.
The WTI Crude Oil market has acted a bit sluggish on Thursday, but that is not a huge surprise considering just how parabolic we have been as of late.
The S&P 500 initially tried to rally during the trading session on Thursday but then broke down rather significantly.
The NASDAQ 100 has been hammered during the trading session on Thursday to pull back from the 50 day EMA.
Monero has been one of the bright spots in the crypto markets, as we have seen the market gained roughly 10%, as we are now above the 50 day EMA.
The Ethereum market has pulled back just a bit during the course of the trading session on Thursday to reach down towards the $3250 level.
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The Euro has rallied a bit during the course of the trading session on Thursday to break above the 1.1450 level.
The US dollar has gone back and forth during the trading session on Thursday as it looks like it is trying to find support against the South African Rand.
The US dollar has rallied rather significantly during the trading session on Thursday to reach towards the ₹74 level.
Yesterday's session was the strongest of the bullish momentum for the GBP/USD currency pair, as it jumped from the 1.3620 level, during an upward rebound.
The EUR/USD exchange rate moved towards the top of its December-January range at 1.1370 following another broader dollar turnaround after the Federal Reserve Chairman said there was no rush to reverse the quantitative easing program.
With the value of the US dollar under pressure in the wake of consumer price inflation data, the price of gold moved upwards with gains to the resistance level of 1828 dollars an ounce.