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 EUR/USD pair broke down during the day on Thursday, touching the 50-day exponential moving average. The British pound had a calm session on Thursday, considering that we had broken out so strongly during the Wednesday session.
The US dollar bounce against the Japanese yen during the session on Thursday, testing the 115 handle. The Australian dollar had an interesting day as we fell, reaching towards the 0.75 level against the US dollar.
The WTI Crude Oil market rallied on Thursday, as we continue to see quite a bit of volatility in this market. The natural gas markets initially tried to rally during the day on Thursday, but found the $3.50 level to be massively resistive.
The S&P 500 rallied initially during the session on Thursday, but turned around to form a shooting star. The NASDAQ 100 initially tried to rally during the day on Thursday as well, but just as we saw in the S&P 500, the market struggled and ended up forming a shooting star.
Get the NZD/USD Forex Signal for January 26, 2017 here.
Get the AUD/USD Forex Signal for January 26, 2017 here.
Get the USD/JPY Forex Signal for January 26, 2017 here.
Get the USD/CAD Forex Signal for January 26, 2017 here.
Get the USD/CHF Forex Signal for January 26, 2017 here.
Get the GBP/USD Forex Signal for January 26, 2017 here.
Get the EUR/USD Forex Signal for January 26, 2017 here.
Gold prices ended Wednesday’s session down $8.85 as a renewed appetite for riskier assets pushed market players to lock in profits and roll their funds into equities.
The WTI Crude Oil market initially tried to rally during the session on Wednesday, but turned around to form a less than stellar looking candle. The natural gas markets initially fell during the session on Wednesday, but found enough support at the 3.25 level to turn around and form a bullish candle.
The EUR/USD pair initially rallied on Wednesday, but found quite a bit of resistance above the 1.0750 level, and just as importantly, the 100-exponential moving average. The British pound broke above the top of a hammer from the session on Tuesday during the Wednesday session.
The USD/JPY pair fell initially during the day on Wednesday, but found enough support to turn around to form a hammer. The Australian dollar initially fell during the day on Wednesday, but found enough support at the 0.75 level to turn things around and formed a hammer.
