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 EUR/USD Forex signal for January 18, 2017 here.
The EUR rally during the session on Tuesday, breaking above the 50-day exponential moving average, and testing the 1.07 handle. The British pound rallied rather significantly during the day on Tuesday, as the speech from Teresa May suggested that the United Kingdom was going to work very closely with the European Union after the exit.
The WTI Crude Oil market rallied during the session on Tuesday, but found the $53.50 level above to resistive to continue going higher. Natural gas markets fell after initially trying to rally on Tuesday as the $3.50 level offered far too much in the way of resistance.
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The S&P 500 fell during the Tuesday session but found enough support near the 2250 level to turn around and form a hammer. The NASDAQ 100 fell slightly during the session on Tuesday, as we continue to see buyers enter this market.
The US dollar broke down during the day on Tuesday, slicing below the bottom of a hammer on Monday. The Australian dollar broke above the 0.75 level, showing significant signs of strength.
Gold prices ended Tuesday’s session up $13.81, boosted by falling stocks and a weakening U.S. dollar.
Get the NZD/USD Forex signal for January 17, 2017 here.
Get the AUD/USD Forex signal for January 17, 2017 here.
Get the USD/JPY Forex signal for January 17, 2017 here.
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Get the USD/CAD Forex signal for January 17, 2017 here.
Get the USD/CHF Forex signal for January 17, 2017 here.
Get the GBP/USD Forex signal for January 17, 2017 here.
Get the EUR/USD Forex signal for January 17, 2017 here.
The EUR/USD pair went back and forth on Monday, but the most important thing that I saw was the 50-day exponential moving average acting as resistance for the session. The British pound gap lower at the open on Monday, testing the 1.20 level underneath.
The WTI Crude Oil market fell slightly on Monday as liquidity would have been a serious issue. The natural gas markets rallied after initially gapping and then pulling back to fill that gap on Monday.