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 WTI Crude Oil markets fell again during the course of the day on Friday, as we broke well below the $30 level at one point. Natural gas markets fell again during the course of the day on Friday, as we are now heading towards the $2.10 level.
Get the GBP/USD Forex Signal for January 18, 2016.
Get the EUR/USD Forex Signal for January 18, 2016.
Gold settled up $10.91 at $1088.76 on Friday, recouping most of the losses from the previous session, as pressure on stock markets and weakness in the U.S. dollar underpinned the precious metal.
Every day, four days per week, I publish daily signals / forecasts for the seven most important Forex pairs: the USD paired with the EUR, GBP, CHF, JPY, AUD, and NZD.
Check out our newest trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of January 18, 2016 here.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of January 18, 2016.
Stay up to date for the trading week ahead with our Forex forecast for major currency pairs for the week of January 18, 2016.
The NZD/JPY pair had a volatile session on Thursday, as we initially fell, but turned back around to form a bit of a hammer.
The USD/JPY pair rallied during the session on Thursday, as we try to break above the 118.50 level. The NZD/USD pair fell during the day on Thursday, but found the 0.64 level supportive enough to keep the market afloat.
During the day on Thursday, the EUR/USD pair initially tried to rally, but turned back around near the 1.0950 level. The GBP/USD pair went back and forth during the day on Thursday and essentially formed a neutral candle.
The WTI Crude Oil market rose during the course of the session on Thursday, as the $30 level continues offer quite a bit of support. The natural gas markets fell apart during the day on Thursday, breaking below the vital $2.20 level.
The S&P 500 rallied during the course of the session on Thursday, bouncing off of the 1880 level. The NASDAQ 100 bounced significantly at the 4130 level to turn things around and test 4300.
Gold prices fell for the fourth time in five days as a stronger dollar and a rebound in stock markets dimmed the appeal of the precious metal as an alternative investment.
Get the NZD/USD Forex Signal for January 14, 2016.
