Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of January 23, 2017.
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.
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Check out the Forex forecast focusing on major currency pairs for the week of January 23, 2017 here.
Gold rose slightly on Thursday as uncertainty regarding the economic policies of new U.S. President-elect Donald Trump offset pressure from strength in the dollar.
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The S&P 500 fell slightly during the course of the session on Thursday, as the 2275 level continues to be resistive. The NASDAQ 100 initially rallied during the day on Thursday, but gave back quite a bit of the gains.
The EUR/USD pair went back and forth on Thursday as we continue to see quite a bit of volatility around the 50-day exponential moving average. The British pound rallied slightly during the session on Thursday, as we try to figure out what the next move is.
The WTI Crude Oil market initially tried to rally on Thursday but after a bearish inventory number coming out of the United States, the market rolled over and ended up forming a shooting star yet again.
The USD/JPY pair rallied on Thursday, breaking above the 115 handle. The Australian dollar rallied during the session on Thursday, as the 0.75 level continues to be massively supportive, and thus I believe that the buyers could return to the market.
Get the NZD/USD Forex signal for January 19, 2017 here.
Get the AUD/USD Forex Signal for January 19, 2017 here.
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Get the USD/JPY Forex signal for January 19, 2017 here.
Get the USD/CAD Forex signal for January 19, 2017 here.
Get the USD/CHF Forex signal for January 19, 2017 here.
Get the GBP/USD Forex signal for January 19, 2017 here.
Get the EUR/USD Forex signal for January 19, 2017 here.
The EUR/USD pair fell initially during the day on Wednesday, but found enough support at the 50-day exponential moving average to turn around and form a hammer. The British pound fell on Wednesday, as we continue to see quite a bit of resistance just below the 1.25 handle.