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.
The WTI Crude Oil market initially tried to rally during the day on Monday, but you can see that we have ran into a lot of resistance at the downtrend line, something that does in fact suggest that we are ready to roll over again.
The US dollar initially fell during the trading session on Monday but turned around of form a bit of a hammer.
The S&P 500 rallied a bit during the trading session on Monday but gave back a bit of the gains towards the end of the day.
Gold prices rose $3.43 an ounce on Monday as investors bet that the Federal Reserve will not raise interest rates this year if economic growth slows further.
Get the NZD/USD Forex signal for January 7, 2019 here.
Get the AUD/USD Forex signal for January 7, 2019 here.
Get the USD/JPY Forex signal for January 7, 2019 here.
Get the BTC/USD Forex signal for January 7, 2019 here.
Get the USD/CAD Forex signal for January 7, 2019 here.
Get the USD/CHF Forex signal for January 7, 2019 here.
Get the GBP/USD Forex signal for January 7, 2019 here.
Get the EUR/USD Forex signal for January 7, 2019 here.
The Euro initially fell during the day on Friday but then got a bit of a boost as the jobs number was turned around by Jerome Powell, who suggested that perhaps the Federal Reserve was willing to bend to the will of Wall Street and keep the cheap money coming if necessary.
Bitcoin did very little during the session on Friday, as it has essentially flattened out.
The WTI Crude Oil market has rallied significantly during trading on Friday after a stronger than anticipated jobs number out of the United States.
