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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
The S&P 500 had a volatile and choppy session on Wednesday as we continue to bang up against the 2275 level. The NASDAQ 100 tried to rally as well, but also gave back most of the gains.
The US dollar bounced during the day on Wednesday, against the Japanese yen and other currencies around the world. The Australian dollar pulled back slightly during the day on Wednesday, after having such an explosive session on Tuesday.
The WTI Crude Oil market broke down on Wednesday, clearing the bottom of the shooting star from Tuesday. The natural gas markets initially tried to rally on Wednesday, but turned around and continued the downtrend.
Get the NZD/USD Forex signal for January 18, 2017 here.
Get the AUD/USD Forex signal for January 18, 2017 here.
Get the USD/JPY Forex signal for January 18, 2017 here.
Get the USD/CAD Forex signal for January 18, 2017 here.
Get the USD/CHF Forex signal for January 18, 2017 here.
Get the GBP/USD Forex signal for January 18, 2017 here
Get the EUR/USD Forex signal for January 18, 2017 here.
The EUR rally during the session on Tuesday, breaking above the 50-day exponential moving average, and testing the 1.07 handle. The British pound rallied rather significantly during the day on Tuesday, as the speech from Teresa May suggested that the United Kingdom was going to work very closely with the European Union after the exit.
The WTI Crude Oil market rallied during the session on Tuesday, but found the $53.50 level above to resistive to continue going higher. Natural gas markets fell after initially trying to rally on Tuesday as the $3.50 level offered far too much in the way of resistance.
The S&P 500 fell during the Tuesday session but found enough support near the 2250 level to turn around and form a hammer. The NASDAQ 100 fell slightly during the session on Tuesday, as we continue to see buyers enter this market.
The US dollar broke down during the day on Tuesday, slicing below the bottom of a hammer on Monday. The Australian dollar broke above the 0.75 level, showing significant signs of strength.
Gold prices ended Tuesday’s session up $13.81, boosted by falling stocks and a weakening U.S. dollar.