Forex Forecast: Pairs in Focus January 2022

Get Forex Prediction using Basic, Emotion and Technical Position Analysis for Major Couples for the Week of January 3, 2021.

The difference between success and failure in a forex trading largely depends on the currency pairs you choose to trade on each week and in what direction, and not on the exact trading strategies you can use to determine trading inputs and outputs.

At the beginning of the trading week, it is a good idea to look at the big picture of what is happening in the market as a whole and how such developments and macro foundation and market sentiment are affecting them.

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There are a few really long ones. Trends In the market, so it may be a good time to trade now.

Large image 2We January 2022

Due to the Christmas and New Year holidays, the Fox Market was relatively low last week, with no significant data coming out.

The US dollar fell again in the face of a long-term bullish trend. The US dollar index ended the week, especially low.

After a week or two of dramatic improvements, the symptoms worsened during the week. Most stock markets ended the week, including the Benchmark US S&P 500 Index. Commodities, especially crude oil, have risen, the Australian and Canadian dollar exchange rates and key risk barometers have risen, and both the Japanese yen and the US dollar have fallen sharply. The overall improvement in risk factors is global. There is growing optimism, especially in Europe, the United States, and Canada, about the rapidly changing effects of the Omicron Corona virus..

I wrote in myself Last week’s episode The best trades of the week are the S&P 500 Index, the USD / JPY exchange rate closing daily (New York) above 115.25, and the yield of corn could be USD. The S&P 500 index grew by 0.68%, corn fell by 2.8%, and sadly averaged 1.06%. The USD / JPY pair closed daily above 115.25.

Basic analysis and market sentiment

Last week’s topic:

  1. Additional data from the UK show that the rapidly spreading omega-3 cholera virus is 70% less likely to develop a serious illness that requires hospitalization. This news has helped to raise awareness, increase stock markets and commodity prices.
  2. The diversity of omega-3 coronavirus continues to spread rapidly around the world.. Many European countries and Canada have imposed restrictions on movement, and new cases are still being made, with more than 1 million new cases reported worldwide. Countries such as the United Kingdom and France are reporting nearly 200,000 new cases a day. It is hoped that this variation, in some cases, may lead to a pandemic, even if only temporary and widespread immunization.

The coming week could see significant fluctuations due to the slower schedule and so on. Christmas and New Year holidays last weekMarket orientation may be determined between Wednesday and Friday, with US non-farm payroll data and FOMC meeting minutes.

Last week, the number of new cases of coronavirus confirmed worldwide was unprecedented. An estimated 58.2% of the world’s population now has at least one vaccine.

Newly confirmed Coronavirus cases are generally the strongest growth in Albania, Algeria, Argentina, Australia, the Bahamas, Barbados, Belize, Bolivia, Canada, Colombia, Croatia, Cyprus, Denmark, Dominican Republic, Estonia, Ethiopia, and Finland. France, Greece, Iceland, Israel, Italy, Jamaica, Kuwait, Lebanon, Luxembourg, Mali, Malta, Montenegro, Panama, Portugal, Qatar, Spain, Sweden, Switzerland, Turkey, the United Arab Emirates, the United States, Uruguay and the United Kingdom.

Technical analysis

US Dollar Index

Below shows the weekly price chart Last week, the US dollar index issued a candlestick after rejecting the 12257 resistance level.. Notice how this key resistance has been recaptured – in fact it was tested a few weeks before the release of the FOMC, which is probably a sign of support. This continued decline is not enough to reverse the long-term trend (the price is much better than it was 3 and 6 months ago) It is well known that there is an obvious strong opposition here, which has an impact. This shows that despite the long-term tendency to bullying, we may now be experiencing major depression. Undo. It should be noted, however, that the price is now very close to the main support level at 12150.

In general, I do not look at the dollar as a key driver for any transaction in the coming week. Possible for a limited time and for the entire week to come, Although the Japanese yen is very weak, there may be an appreciation for the dollar..

US Dollar Index Weekly Chart

USD / JPY

The USD / JPY pair rallied for the second week in five years and closed for the week with a healthy bullshit near the top of the region. These are obvious symptoms We will see further increases in the coming days and weeks. It should be noted, however, that there have been several major daily closures in the recent 115.25 to key resistance levels. Although the rise in USD / JPY is supported by the improved volatility we are seeing in the markets, after data shows that Omicron is relatively weak, this pair is still vulnerable to a sudden sell-off below 115.25. I don’t want to go too far until we get closer to 115.25 Daily (New York).

USD / JPY Weekly Chart

S&P 500 Index

The S&P 500 stock market index closed its weekly high But only a candlestick is printed near the top of the region. There are signs left but it is important to be careful and do not buy more than 4800 daily until we get close. Close the day with a strong bully.

S&P 500 Index

at last

I see the best opportunities in the financial markets this week with the S&P 500 Index closing above 4800 and the USD / JPY currency pair closing daily (New York) above 115.25.

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