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Weekly Analysis

Forex Technical Analysis: Weekly Analysis on Major Pairs, Gold, Bitcoin – 17th Jan 2022

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Weekly Analysis on Major Pairs, Gold, Bitcoin

  • 18th Jan – JPY – Interest Rate, Monetary Policy & Outlook Report , EUR – ZEW Economic Sentiment & USD – Empire State Manufacturing Index 
  • 19th Jan – USD – Consumer Price Index, CAD – Consumer Price Index & Core, USD – Housing Starts & Building Permits & GBP – BOE Gov Bailey Speaks 
  •  20th Jan – AUD – Employment Change & Unemployment Rate, EUR – Consumer Price Index & Core, USD – Philly Fed Manufacturing Index, Unemployment Claims, Existing Home Sales & Natural Gas Storage.  
  • 21st Jan – GBP & CAD – Retail Sales  

For fundamental insights check the weekly market outlook and the key data releases releases on the economic calendar.

Weekly Analysis and Levels for the Major Pairs

Technical analysis and trade ideas for the major currency pairs, gold, and Bitcoin, can be used to establish suitable objectives and manage risk by identifying regions in a chart where the price is expected to approach.

  • EURUSD, If the price closes above the 1.15000 level this week then the next possible level for the price to test will be the 1.16500 level. 
  • GBPUSD, anticipating that the price will continue to rise and test the 1.38400 level. 
  • AUDUSD, , expecting the price to make a pullback to test the 0.71700 level before start rising and if the price able to close above the 0.73000 level this week, then the next possible level for the price to test will be the 0.74000 level. 
  • NZDUSD, if price able to close above the 0.68600 level this week then the next possible level for the price to test will be the 0.69200 level. 
  • USDCHF, expecting the price to make a pullback and test the 0.91500 level before continue to drop further to test the 0.90500 level. 
  • USDCAD, expecting the price to make a pullback and test the 1.26000 level before continue to drop further to test the 1.24000 level. 
  • USDJPY, expecting the price to make a pullback and test the 115.000 level before continue to drop further to test the 112.500 level.
  • GOLD, There is two possibilities, if the price able to close above the 1833 level this week then the next possible level for the price to test will be the 1850 level and if it closes below the 1782 level this week then the next possible level for the price to test will be the 1762 level.  
  • Finally, BTCUSD, if the price able to close above the 43700 level this week then the next possible level for the price to test will be the 46200 level and if it closes below the 40700 level this week then the next possible level for the price to test will be the 37500 level.  
DISCLAIMER: The publication of market analysis is a marketing communication and does not constitute investment recommendations. This content provides a general views of our experts and does not consider the individual circumstances, investment experience or current financial situation. AximTrade is not liable for any losses incurred due to the use of analysis.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. 

Learn More about Forex Technical Analysis

Forex analysis is one of the main skills for forex traders to be successful in their trading careers. The main function of analysis is to analyze the financial markets using different methods and indicators to identify the price movement. One of the main approaches is technical analysis since most successful forex traders rely on this type of weekly analysis to study the market. In the forex market, traders can use forex news and analysis to analyze the major pairs, Gold, Bitcoin, and cryptocurrencies.

AximTrade offers forex weekly analysis and FX news for traders by experts on Major Currency Pairs, Gold, and Bitcoin. AximTrade is a fast-growing brokerage service provider and award-winning platform with one of the best CopyTrade platforms in the trading world. AximTrade, the forex broker provides a dynamic and highly efficient trading environment to enable forex traders with easy-to-use technology, fast payment methods, educational resources, market analysis, varieties of forex bonus promotions, and highly competitive trading environment with the best trading conditions.


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