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 higher during the session on Tuesday, clearing the 100-day exponential moving average. The British pound fell significantly at the beginning of the session on Tuesday, but found enough support near the 1.24 level to turn things around and formed a bullish candle.
The WTI Crude Oil market initially fell during the session on Tuesday, and then broke higher and reached towards the $53.50 level which of course was resistant. The natural gas markets broke down on Tuesday, reaching towards the $3.10 level.
The S&P 500 falling during the session on Tuesday shows that we still have a bit of exhaustion in the market, but I think there is more than enough support all the way down to the 2250 level to cause a bounce sooner rather than later.
The US dollar fell during the day on Tuesday, slicing below the 112.50 level. The Australian dollar rally during the day on Tuesday, touching the 0.76 level.
Gold prices ended the month up 5.2% at $1210.23 an ounce, benefited from uncertainty about the nature and direction of U.S. President Donald Trump economic policies and a weaker dollar.
Get the NZD/USD Forex signal for January 31, 2017 here.
Get the AUD/USD Forex signal for January 31, 2017 here.
Get the USD/JPY Forex signal for January 31, 2017 here.
Get the USD/CHF Forex signal for January 31, 2017 here.
Get the USD/CAD Forex signal for January 31, 2017 here.
Get the GBP/USD Forex signal for January 31, 2017 here.
Get the EUR/USD Forex signal for January 31, 2017 here.
The EUR/USD pair broke down significantly at the open on Monday, but found enough support underneath the 50-day exponential moving average to turn things around to form a relatively supportive looking hammer.
The USD/JPY pair fell during the day on Monday, as the 115 level has offered quite a bit of resistance. The Australian dollar initially fell during the session on Monday, finding support just above the 0.75 handle.
The petroleum markets were a bit mixed during the day, as we had initially rallied but then turned back around to fall. Natural gas markets gap lower at the open on Monday, as we continue to see quite a bit of volatility in this market.
