The GBP/USD exchange rate remained stuck near its highest level this year as investors waited for an extremely busy week.
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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The AUD/USD price remained flat on Monday morning as traders braced for an extremely busy week in the financial market.
The EUR/USD went into the weekend near the 1.08655 ratio.
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The GBP/USD went into the weekend near the 1.23880 price after demonstrating a rather dynamic week of trading.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 29th, 2022 here.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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.
The USD/JPY has gone back and forth during the trading session on Thursday as we continue to hang around the ¥130 level.
The S&P 500 has rallied during the day, although in a relatively tight range.
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The GBP/AUD has fallen a bit against the Australian dollar during the day but then turned around to show signs of life again.
The GBP/JPY initially pulled back just a bit during the trading session on Thursday to reach down to the ¥160 level, showing signs of weakness, but then turned around from that large number to show just how tenacious this market is turning out to be.
The AUD/USD bounced back and forth during the trading session, breaking through the 0.71 level.
The West Texas Intermediate Crude Oil market has been very choppy during the Thursday session, as we initially looked very bullish, fell rather hard, only to turn around and look somewhat bullish again.
The GBP/USD has rallied significantly over the last several weeks, but during the day on Thursday, has seen a lot of choppy behavior with a 1.24 level offering resistance.
The Nifty 50 has fallen hard during the trading session on Thursday but still remains in the same rectangle that we have been in for a while.