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.
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Bitcoin reaches new 6-month high price over the weekend.
The USD/JPY price remained in a consolidation phase in the past few days ahead of the upcoming Federal Reserve interest rate decision.
Crude oil markets initially tried to rally on Friday but gave back the initial gains rather quickly as we continue to see a lot of Brownian motion.
The GBP/USD exchange rate remained stuck near its highest level this year as investors waited for an extremely busy week.
The AUD/USD price remained flat on Monday morning as traders braced for an extremely busy week in the financial market.
The EUR/USD went into the weekend near the 1.08655 ratio.
The GBP/USD went into the weekend near the 1.23880 price after demonstrating a rather dynamic week of trading.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 29th, 2022 here.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
The USD/JPY has gone back and forth during the trading session on Thursday as we continue to hang around the ¥130 level.
The S&P 500 has rallied during the day, although in a relatively tight range.
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The GBP/JPY initially pulled back just a bit during the trading session on Thursday to reach down to the ¥160 level, showing signs of weakness, but then turned around from that large number to show just how tenacious this market is turning out to be.
The AUD/USD bounced back and forth during the trading session, breaking through the 0.71 level.