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 EUR/USD will start the week near the 1.06390 level, which may be a good result for bullish traders considering the fact the currency pair was challenging a low of nearly 1.04800 only a handful of hours before the surge upwards.
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.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 8th, 2022 here.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Thursday, as it looks like we are threatening the $75 level.
The S&P 500 has fallen a bit during the trading session on Thursday, after the ADP jobs report came out much stronger than anticipated.
Gold markets have pulled back a bit during the trading session on Thursday, as we have seen the ADP numbers come out much hotter than anticipated.
The FTSE 100 has rallied a bit during the trading session on Thursday, to reach above the 7600 level again.
The Dow Jones Industrial Average has gone back and forth during the trading session on Thursday, and as we hover around the 200-Day EMA, and the 33,000 level.
We have been doing very little in the GBP/USD over the last couple of weeks, hanging around between the 50-Day EMA and the 200-Day EMA indicators.
The EUR/USD has fallen a bit during the trading session on Thursday, as it looks like we are going to threaten the 1.05 level.
The USD/JPY rallied again during the trading session on Thursday as the ADP numbers came out much hotter than anticipated.
The AUD/CAD has fallen a bit during the trading session on Thursday as we continue to see quite a bit of noisy behavior in this market.
The AUD/JPY initially tried to rally during early Thursday trading but has found quite a bit of noise and resistance at the ¥91 level.
The exchange rate of the TRY/USD stabilized during early trading on Thursday morning.
Spot natural gas prices (CFDS ON NATURAL GAS) settled on slight gains during its early trading on Thursday, to record new daily losses until the moment of writing this report, by -0.52%.
