Start the week of October 17, 2021 with our Forex forecast focusing on major currency pairs 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.
Most Recent
The CAC in Paris has rallied after gapping higher on Thursday to slam into a significant resistance barrier at the 6700 level.
The West Texas Intermediate Crude Oil market has shown itself to be positive again as we have broken above the $81.40 level.
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The US dollar has fallen again against the Norwegian krone during trading on Thursday as the oil market continues to push the “Noki” even higher.
The S&P 500 rallied quite significantly to reach much higher during the trading session on Thursday.
The NASDAQ 100 has rallied quite significantly during the trading session on Thursday to show signs of life again.
The gold markets have gone back and forth on Thursday, showing a bit of hesitation at an area that of course will be important for multiple reasons.
The Aussie has rallied significantly during the course of the session on Thursday to reach towards the 200 day EMA before pulling back ever so slightly.
Bitcoin markets rallied initially during the session on Thursday but gave back gains in order to fall back into the previous consolidation area.
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The British pound initially rally during the course of the trading session on Thursday but then turned around to show signs of exhaustion again.
The Euro initially rallied to break above the 1.16 level before turning around and showing signs of hesitation.
HEX/USD has come off highs of nearly 44 cents seen on the 9th of October, but the slight reversal lower, however, may prove to be a speculative opportunity for its backers.
The USD/NOK has resumed its bearish momentum in early trading this morning, and is now challenging crucial technical support last tested in late June.
The bullish path of the USD/JPY stopped at the 113.80 resistance as soon as the US Federal Reserve indicated that it may abandon bond purchases in the first half of 2022 if the economic performance continues to improve.
Gold futures rose after the US government announced that US consumer prices rose more than expected.