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 gapped higher to kick off the session on Wednesday which of course is very bullish but gave back quite a bit of the gains as the 20 day EMA is in the same neighborhood.
The US dollar has broken down rather significantly during the trading session on Wednesday as traders came back to open up the 2019 year.
The WTI Crude Oil market rallied rather significantly but gave back a lot of the gains late in the day.
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The S&P 500 initially pulled back during the trading session on Wednesday, but turned around to show signs of life, perhaps showing that we are ready to go higher in test the 200 day EMA.
Gold prices ended a two-sided trading session slightly lower on Wednesday.
Get the NZD/USD Forex signal for January 2, 2019 here.
Get the AUD/USD Forex signal for January 2, 2019 here.
Get the USD/JPY Forex signal for January 2, 2019 here.
Get the BTC/USD Forex signal for January 2, 2019 here.
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The Euro initially fell during trading on Monday but then turned around to show signs of strength towards the end of the day.
The Bitcoin market fell during the trading session on New Year’s Eve, showing more signs of weakness and a perfect ending to the year that has been so bad.
The WTI Crude Oil market rallied a bit during the trading session on Friday, but the New Year’s Eve session of course would have had very little in the way of liquidity.
The S&P 500 did pull back initially during the trading session on Monday, but then broke above the 2500 level.
The US dollar has fallen again against the Japanese yen, with accelerated selling towards the end of the day on New Year’s Eve.
Get the USD/CAD Forex signal for January 2, 2019 here.