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 EUR/USD exchange rate rose as the US dollar index dropped by over 1%. It rose to a high of 1.0430, its highest swing since January 7, and about 2.45% from its lowest level this month. So, what next for the euro after Donald Trump’s inauguration?
Bitcoin: Continuing to look bullish, with pressure building to break out of the $110,000 to $110,000 range
Bitcoin price surged to a record high of $109,217 and then pared back some of those gain after Donald Trump became the US president. The BTC/USD pair retreated to 103,350 as some investors started to take profits.
Top Forex Brokers
USD/CAD: Volatility as Trump threatens tariffs, and the political situation remains uncertain making Canada untenable for investment
Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy
USD/JPY: The ¥155 level now offers a significant amount of support, while the interest rate differential between the two currencies will continue to favor the greenback
EUR/USD: Euro presents the opportunity for a rally to fade and enjoy a brief selling opportunity
GBP/USD: Right now USD is overbought and GBP oversold though it is just a matter of time before the pair drops with the 1.21 level as the area to watch
AUD/USD: Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy
Bonuses & Promotions
U.S financial institutions will be mostly closed today because of the Martin Luther King Jr. holiday, but USD/MXN has seen buying escalate early this morning as President Trump prepares to take office.
The West Texas Intermediate or Light Sweet Crude market has been somewhat noisy during the trading session on Friday as we continue to bounce around.
Silver has fallen pretty significantly during the trading session on Friday, but it is trying to hang on to the 50 day EMA.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The Parisian index has gapped higher again on Friday, as we have seen quite a bit of bullish pressure in France, and we were up another full percent for the session.
The USD/ZAR has traded lower early this morning and is near the 18.68550 ratio with a wide spread been demonstrated, this as U.S financial institutions prepare for the entrance of President Trump.
A major jump may be coming if it breaks above the 0.92 level significantly as this could lead to an 800-pip move