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.
Most Recent
The NASDAQ 100 Index initially felt on Tuesday, to reach down toward the downtrend line that we have seen cause quite a bit of dollar pressure in this market.
The EUR/USD has pulled back ever so slightly during the trading session on Tuesday but turned around to show signs of life as we are trying to form a bit of a hammer.
The Nifty 50 has pulled back a bit, but now finds itself hanging onto the 200-Day EMA as we have bounced just a bit over the last 24 hours.
The GBP/USD has fallen just a bit during the trading session on Tuesday, as we continue to look at the 1.25 level as major resistance.
The West Texas Intermediate Crude Oil market pulled back a bit but found the previous neckline of the inverted head and shoulders to bounce from.
The AUD/USD has initially fallen during the trading session on Tuesday but found the buyers underneath to turn things around.
Gold markets have fallen initially during the trading session on Tuesday but found a lot of strength later in the day to turn around and form a massive hammer.
BTC/USD is near the 23,100.00 prices as of this writing with abundant volatility on full display.
Day traders of the USD/INR should practice extreme caution today.
Bonuses & Promotions
My previous USD/JPY signal on 18th January was not triggered, as there was no bullish price action when the support levels I had identified at ¥129.60 and ¥128.47 were reached that day.
The British pound came under selling pressure after the IMF warned about the state of the economy.
Gold markets are getting stretched. How will they fare during February? Get the monthly forecast here.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD price moved sideways on Wednesday with the focus now being the upcoming Fed decision.
The AUD/USD formed a small hammer pattern on Wednesday morning as the focus remained solid on the upcoming FOMC decision.
The S&P 500 has been very noisy during the month of January, and as we head into February there are a lot of questions being asked.