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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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of January 18, 2021 here.
Start the week of January 18, 2021 with our Forex forecast focusing on major currency pairs here.
The Euro has gone back and forth during the course of the trading session on Thursday, forming a bit of a neutral candlestick,
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The NASDAQ 100 pulled back just a bit after initially trying to rally during the trading session, as Thursday ended up being less than thrilling.
The S&P 500 has initially tried to rally during the trading session on Thursday but then turned around to show signs of weakness.
The British pound has rallied significantly during the trading session on Thursday to reach towards the 1.37 handle.
The US dollar initially tried to rally a bit during the trading session on Thursday to break above the 50 day EMA temporarily.
The Australian dollar has rallied a bit during the trading session on Thursday as we continue to reach towards the 0.78 handle.
The German index went back and forth during the trading session on Thursday as we hover above what was once significant resistance in the form of the 13,825 level.
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The Bitcoin markets have rallied again during the trading session on Thursday to reach towards the $40,000 level again.
The West Texas Intermediate Crude Oil market is essentially hovering at this point, roughly in the middle of the larger consolidation range.
The gold markets gapped a little bit lower during the trading session on Thursday, but then went back and forth to form a bit of a hammer as we continue to see buyers near the 200 day EMA.
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The USD/CAD has firmly reestablished its bearish trend the past two days after sustaining a short-term reversal higher.
The NZD/USD has been within the midst of a long-term bullish trend, but did suffer a push backwards recently and touched short-term lows of nearly 0.71500 on the 11th of January.