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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The Light Sweet Crude market has initially tried to rally during the course of May, but we have seen a lot of selling pressure, as we continue to hang
The Australian dollar has been very choppy during the month of May, and quite frankly think June could bring more of the same.
The GBP/USD pair had a strong performance in May, jumping to the highest point since 2022. This rally happened as the US dollar dropped
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The EUR/USD exchange rate wavered on Monday as traders reflected on last Friday’s muted personal consumption expenditure (PCE) data and escalation of the trade
The BTC/USD pair has pulled back in the past few days as investors book profits following the strong surge between April and May. Bitcoin price dropped
The AUD/USD exchange rate has remained in a tight range since the first week of May as investors watch key economic data, trade-related news, and monetary
The GBP/USD correlated to the broad Forex market rather well the past week, after starting near highs and then producing selling, the currency pair showed a slight recovery from Wednesday and Thursday’s lows as some buying developed.
Risk sentiment improved a little last week, but will likely be on the slide again as President Trump announces a doubling of steel and aluminimum tariffs to take effect this week, which will likely put more focus on the global July tariff negotiation deadline.
WTI Crude Oil went into this weekend with a lower price than it began last week, the commodity via futures pricing finished Friday’s trading near 60.100, but that is not the whole story.
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The EUR/USD finished the month of May below its late April values, but the upwards movement in the currency pair since the 12th of May has been rather remarkable, yet scary for speculators.
The USD/ZAR remains in a steady bearish trend as it confronts support and sometimes proves it has the ability to go lower. The currency pair will begin June’s trading below 18.00000.
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USD/MXN drifted on Thursday after weak US GDP data, with the peso showing resilience near the 19.00 level as traders eye 19.50 resistance and long-term bearish signals.
The New Zealand dollar bounced on weak US GDP data but remains range-bound, with a breakout above 0.6050 likely to trigger a rally toward 0.6320.
Crude oil remains trapped in a narrow $60–$65 range as economic slowdown fears weigh on demand outlook, with traders awaiting a catalyst for a breakout.