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.
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Silver rallied over 5% on Monday, breaking through the $34 resistance and targeting $35.50, with $33 now likely acting as support in a bullish continuation setup.
BTC/USD is consolidating below $105K as it forms a bullish cup and handle pattern, with traders watching for a breakout toward $110K despite weak ETF demand and June seasonality.
The GBP/USD pair surged toward 1.3592 on US slowdown fears, with bullish momentum building above resistance as traders eye a breakout toward 1.3700.
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The EUR/USD pair surged on weak US data and recession concerns, breaking resistance and targeting 1.1565 as traders await eurozone inflation and ECB guidance.
We expect spot gold prices to rebound higher at the beginning of this week's trading amid ongoing tensions in Russia. Furthermore, gold prices began trading
The USD/TRY pair experienced severe volatility in the latest session, with its price significantly dropping from opening levels of 0.0371 to close at 0.0255.
we expect the EUR/USD price to move within narrow ranges around last week's closing levels, awaiting market and investor reactions to this week's significant
The USD/ZAR has moved slightly lower in this morning as choppiness has proven to create a rather bumpy near-term for the currency pair as financial institutions
The USD/MXN has continued to show an ability to traverse to lower values, but day traders should not get over confident because intraday volatility remains
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We’ve seen rather negative momentum in the USD/MXN pair over the last couple of months, especially once we broke down below the 20 MXN level.
The US dollar has been very noisy against the Japanese yen during the month of May, and I think you will see more of the same.
The S&P 500 has seen buying pressure during the month of May, as we are threatening the 6000 level above.
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The NASDAQ 100 has had a very positive month of May, and now we are starting to see signs of hesitation as we close out month out.
The gold market has been fairly noisy during the month of May, as we continue to see a lot of questions asked about the overall trend in gold.
The EUR/USD pair has been very noisy over the last several weeks, as may has been a very volatile month overall.