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 fell initially on Monday, but found enough support at the previous gap to turn around and form a slightly positive looking candle. Natural gas markets initially fell on Monday, but did find a bit of footing at the $3.13 handle.
The S&P 500 fell on Monday, but continues to find buyers every time it drops. The NASDAQ 100 fell initially during the day but turned around to form a bit of a hammer.
The USD/JPY pair fell on Monday, as we continue to see bearish pressure. The Australian dollar initially rallied on Monday but gave back quite a bit of the gains to show that we are going to continue to grind sideways overall.
Gold prices rose $8.51 on Monday to settle at their highest level since mid-November as the greenback continued to weaken and equities edged lower.
Get the NZD/USD Forex signal for January 23, 2017 here.
Get the AUD/USD Forex signal for January 23, 2017 here.
Get the USD/JPY Forex signal for January 23, 2017 here.
Get the USD/CAD Forex signal for January 23, 2017 here.
Get the USD/CHF Forex signal for January 23, 2017 here.
Get the GBP/USD Forex signal for January 23, 2017 here.
Get the EUR/USD Forex signal for January 23, 2017 here.
Gold prices settled at $1208.33 an ounce, rising 0.85% over the course of the week, as a weaker US dollar and concerns about Britain's exit from the EU helped provide a lift to the precious metal.
The WTI Crude Oil market rallied during the day on Friday, as we gapped higher at the open. Natural gas markets tried to rally on Friday, but found the area above to be a bit too resistive.
The EUR/USD pair initially fell during the session on Friday, but found enough support at the 50-day exponential moving average to turn things around to form a hammer. The GBP/USD pair initially fell on Friday, but found enough buyers near the 1.2250 level again to turn the market around for a hammer.
The USD/JPY pair tried to rally during the session on Friday, but just as we saw on Thursday, sellers came in above the 115 handle. The AUD/USD pair went back and forth during the session on Friday, as we continue to find buyers just above the 0.75 handle.
