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Brent Starting Downtrend? NZD Weak. Register for this Today’s Webinar.

   

Welcome to this week’s Market Blast Technicals.

Free Valutrades Signals!  Click here: https://www.valutrades.com/en/trading-signals

I’m Brad Alexander and on behalf of Valutrades, today we will look at GBPNZD, GBPUSD, Gold (XAUUSD), Brent Crude and the DJIA (US30).

Yesterday we promised to look at the indices from the technical standpoint but we see that the DJIA has broken the trend line we saw.Screenshot 2022-01-25 at 10.53.31

Now, price action has dropped to this level of support and there are still levels below.

Just a quick reminder to sign up for today’s webinar on how to set your trading goals, create a trading plan and stick to it.Screenshot 2022-01-25 at 10.53.55

You can register on the Valutrades website under “Education” and “Webinars”.

We can see that price action on Brent Crude opened yesterday with a gap and the gap was filled as it was last week.Screenshot 2022-01-25 at 10.54.18

On the one-hour chart, we see the start of a downtrend with lower lows, but be careful.

The prices of Brent Crude and WTI are more affected by fundamental events between Russia and Ukraine right now.

We have been watching the consolidation on Gold for a while now and we see price action approaching the upper trend line of this symmetrical pennant on the daily chart.Screenshot 2022-01-25 at 10.54.49

The Stochastic Oscillator is still looking bullish so we will wait for a drop from Overbought.Screenshot 2022-01-25 at 10.55.05

We have fundamentals affecting both GBP and USD but we now see that GBPUSD tried to break the 50% Fibonacci level of support.Screenshot 2022-01-25 at 10.55.18

Overall the weakest currency we are watching this week is NZD and we will keep an eye on our key levels and trend lines and will review this next week.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

Also, subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you next time.

CFDs and FX are leveraged products and your capital may be at risk.25 January 2022 Technicals EN TN

 

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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