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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Gold markets have done very little during the trading session on Friday, as we are hanging around the $1930 level.
The GBP/JPY rallied a bit during the trading session on Friday, as we are approaching the 50-Day EMA.
EUR/USD speculators likely ran into what can be described as turbulent short-term trading conditions last week with choppy results making the pursuit of the currency pair a difficult endeavor.
The bullish trend of the GBP/USD has remained intact and traders pursuing upwards momentum have likely had their observations confirmed.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 22nd, 2022 here.
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 Nikkei 225 gapped lower to kick off the Thursday session, and then simply fell from there.
The NASDAQ 100 has fallen a bit during the trading session on Thursday, as we have broken below the 50-Day EMA.
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Gold markets have rallied a bit during the trading session on Thursday again, as we continue to see quite a bit of aggressive buying on each dip.
The BTC/USD market has done very little during the trading session on Thursday, as we continue to see a lot of lackluster momentum.
The AUD/JPY has fallen during the trading session on Thursday, dropping down to roughly ¥88.50 at the Lowell, before bouncing a bit.
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The USD/JPY has fallen a bit during the trading session on Thursday as we continue to see a lot of noisy behavior between the ¥127.50 level and the ¥130 level.
The S&P 500 has fallen a bit during the trading session on Thursday, as we are now below the 50-Day EMA.