The outbreak of war between Israel and Iran has sent Crude Oil soaring, boosted Gold as a safe haven, and has had a chilling effect upon stock markets. The progress of this war over the coming days will be closely watched by traders and investors, and will be the major market driver this 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.
Most Recent
Weekly forex and market update with key levels, volatility signals, and trends across major pairs, gold, and Bitcoin.
The New Zealand dollar finds firm support at 0.60 and eyes a move to 0.6350 as US CPI and PPI weaken, fueling speculation of Fed easing.
Top Forex Brokers
After gapping lower, the DAX finds support near 23,600 with bullish bias intact. Watch for breakouts toward 24,500 and possibly 25,000.
USD/MXN continues to hover just under 19.00, pressured by Mexico's interest rate advantage. Watch for breakout or pullback to 18.60 support.
The AUD/CHF finds solid support at 0.53 as traders navigate risk appetite. Break above 0.5370 may trigger a push toward 0.55. Watch for volatility.
USD/CHF tumbles as soft PPI and CPI data stoke fears of Fed cuts and geopolitical tensions. 0.81 emerges as key support with eyes on 0.80 floor.
Gold reaches $3425 before pulling back. Trend remains bullish, but consolidation between $3200 and $3500 suggests short-term caution.
Crude oil markets remain volatile amid rising supply and rate cut speculation. Bulls eye $72.50 resistance while $65 holds as key support.
Bonuses & Promotions
Silver rebounds after testing $35.50 support. Bulls remain active as the dollar weakens. Eyes on a breakout above $37 could lead to a $40 price target.
The Canadian dollar rebounds from a pullback, hovering below the key ¥160 resistance and 200-day EMA. A breakout may signal strong upside momentum.
The British pound remains resilient as weak US inflation data pressures the dollar. Key support at 1.35–1.34 may offer fresh long opportunities.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Turkish Lira remains under pressure, trading at 0.0255. Will it break the 0.0250 support level? Explore today’s TRY/USD technical signals and outlook.
The Euro gains on dovish Fed expectations and resilient EU data. EUR/USD challenges $1.15 with bulls aiming for 1.1575 as key resistance.
XAU/USD gains momentum amid Fed rate cut expectations and China-US trade talks. Gold bulls aim for $3400 as technical indicators support continued upside.