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 went back and forth on Monday, but the most important thing that I saw was the 50-day exponential moving average acting as resistance for the session. The British pound gap lower at the open on Monday, testing the 1.20 level underneath.
The WTI Crude Oil market fell slightly on Monday as liquidity would have been a serious issue. The natural gas markets rallied after initially gapping and then pulling back to fill that gap on Monday.
The USD/JPY pair initially fell on Monday, but found enough support just below the 114 level to form a hammer. The Australian dollar had a volatile session during the Monday session, essentially settling on a neutral candle.
The S&P 500 of course was shut down for trading for the Martin Luther King Jr. holiday, but ultimately the market in the CFD realm was open, but obviously we weren’t going to be trading any massive moves due to the lack of underlying motion.
Get the NZD/USD Forex signal for January 16, 2017 here.
Get the AUD/USD Forex signal for January 16, 2017 here.
Get the USD/JPY Forex signal for January 16, 2017 here.
Get the USD/CAD Forex signal for January 16, 2017 here.
Check out the USD/CHF Forex signal for January 16, 2017 here.
Get the GBP/USD Forex signal for January 16, 2017 here.
Get the EUR/USD Forex signal for January 16, 2017 here.
The EUR/USD pair rallied on Friday, but found quite a bit of resistance above. The British pound had a volatile session on Friday, ultimately settling on a slightly negative candle.
The WTI Crude Oil market fell on Friday, as we have gotten a little bit overextended. The natural gas markets fell initially on Friday but turned around to form a massive hammer.
The USD/JPY pair chop around during the Friday session as we continue to bang around the 115 level. The Australian dollar was also choppy during the session on Friday as we slammed into the 0.75 level again.
The S&P 500 rallied on Friday, but in a relatively calm manner. Unlike the S&P 500, the NASDAQ 100 has broken out and continues to look very bullish.
