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.
Risk sentiment is rising as the London session get underway, pushing up the price above a key support level, but sentiment remains vulnerable to regional escalation in the Middle East.
Oil prices jumped sharply—gaining nearly $9—after Israeli strikes on Iran, with gains stalling at $72.50. Expect further volatility on weekend headlines.
Friday’s flight to safety lifted USD/MXN briefly, but price action flipped sharply, forming an inverted hammer near 19.00. Momentum favors the peso as the death cross signals a longer-term downtrend.
Canadian dollar rebounds sharply against the yen as markets digest Middle East developments. A break above 106.30 could trigger a bullish trend reversal.
The British pound bounced back sharply against the Swiss franc after geopolitical-driven losses. A hammer candle signals buyer strength; key EMAs lie ahead.
Euro gives back gains against Aussie dollar after geopolitical spike. Market prints a shooting star near resistance. Traders eye 1.75 and 1.7233 for key support.
AUD/USD hovers around 0.6487 in an ascending channel as traders await key US and Australian data. CPI miss and upcoming Fed decision shape near-term direction.
GBP/USD trades near 1.3575 amid a rising wedge setup, with markets watching the Fed and BoE decisions. Bearish divergence points to 1.3435 potential.
The EUR/USD pair hit 1.1551 as it forms a double-top near multi-year highs. Traders eye FOMC rate stance, Lagarde’s speech, and oil-driven inflation risk.
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.
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.
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.
