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 West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Friday, slicing through the $52.50 level again,
Gold markets have gapped lower to kick off the trading session on Friday, filled the gap from the Thursday session, only to turn around and go to the upside.
Brexit was implemented, and while the UK will abide EU rules as well as regulations during the transition period,
With the rise in confirmed cases as well as a growing death toll in the coronavirus, crippling the global supply chain, safe-haven assets like the Japanese Yen are in demand.
Australian economic data showed an acceleration in the manufacturing recession, but an increase in annualized building approvals.
GBP/USD: Pivotal support level at 1.3141
EUR/USD: No long or medium-term trend
The Euro fell during the month for the most part, reaching down towards the 1.10 level, an area that has been pretty significant support over the last several months.
The British pound has exploded to the upside during the last week of the month, as January ended up being very bullish.
Bonuses & Promotions
The United States dollar has had a complete turnaround during the month of January against the Chinese Yuan, as the market initially broke down,
The British pound initially fell during the month, but as you can see it has been rather resilient.
The New Zealand dollar has gotten absolutely crushed against most currencies around the world. See what's in store for February here.
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