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 USD/JPY pair fell rather significantly during the course of the day on Wednesday, but turned back around as the 116 level below offered quite a bit of support. The NZD/USD pair initially tried to fall during the course of the session on Wednesday, but found enough support below to turn things back around and jump back over the 0.64 handle.
The EUR/USD pair fell during the day after initially trying to rally on Wednesday, as the market continues to struggle to break above the 1.10 level. The GBP/USD pair initially tried to rally during the day on Wednesday, but at this point in time you can see that we fell backwards and ended up forming a shooting star.
The WTI Crude Oil markets fell rather significantly during the day on Wednesday, briefly breaking below the $28 level. The natural gas markets rose slightly during the day on Wednesday, but without a doubt this is a very bearish market.
The S&P 500 fell rather significantly during the day on Wednesday, but bounced enough off of the 1810 level to form a massive hammer. The NASDAQ 100 did the exact same thing during the day on Wednesday, as we bounced off of the vital 4000 level.
Gold prices ended Wednesday's session up 2.1%, benefiting from a weaker dollar and falling equities.
Get the NZD/USD Forex Signal for January 20, 2016.
Get the AUD/USD Forex Signal for January 20, 2016.
Get the USD/JPY Forex Signal for January 20, 2016.
The CAD/JPY pair initially tried to rally during the day on Tuesday, but struggled at the 81.75 region.
The USD/JPY pair tried to rally during the course of the session on Tuesday, but struggled at the 118 handle. The AUD/USD pair rallied during the course of the session on Tuesday, but struggled at roughly 0.6950 or so during the closing hours of the US session.
The EUR/USD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a fairly positive candle. The GBP/USD pair had an extremely volatile session during the day on Tuesday.
The S&P 500 initially tried to rally during the day on Tuesday but sold off and ended up forming a significant shooting star. The NASDAQ 100 tried to rally during the course of the day on Tuesday, but found more than enough resistance just above the 4200 level to turn things around and form a shooting star.
The WTI Crude Oil market initially tried to rally during the day on Tuesday, reaching as high as $31.50 during the day. The natural gas markets initially tried to rally as well, but struggled at the $2.15 level, and turned back around to form a shooting star.
Get the USD/CAD Forex Signal for January 20, 2016.
Get the USD/CHF Forex Signal for January 20, 2016.
