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
USD/ZAR trends lower toward key support at 18.36000 amid easing trade tensions, with traders monitoring resistance at 18.40000 for near-term momentum shifts.
USD/MXN remains near key support at 20.37300 amid easing tensions, with traders monitoring resistance at 20.40000 and potential volatility due to a U.S. holiday.
Bitcoin has been overshadowed by Gold lately as it continues its bearish consolidation below $100,000, looking likely to break down below the $95,000 area.
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AUD/USD rises to 0.6370, supported by US dollar weakness and bullish technicals, as traders await the RBA's expected rate cut decision.
GBP/USD climbs to 1.2625 but faces a possible pullback as traders await UK jobs and inflation data, with support at 1.2360 before potential upside.
EUR/USD extends gains amid US dollar weakness, with technical indicators signaling further upside as traders await Fed minutes and potential Trump tariffs.
USD/CHF tests key support as market uncertainty boosts the franc, but a close above 0.9020 may trigger a bullish reversal toward 0.9150.
The German DAX remains overbought after a strong rally, with traders watching for a pullback toward support at 22,500 and 21,650 before resuming the uptrend.
USD/CAD breaks below 1.42, with further downside toward 1.40 possible, but tariff risks and trade uncertainty keep traders cautious.
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Silver breaks out above $32.35 but faces volatility, with traders eyeing gold correlation and $35 as the next major resistance level.
Bitcoin struggles for momentum, consolidating between $90K and $110K as traders await potential pro-crypto moves from the Trump administration.
Markets have been dominated by a weak US Dollar whose price action has become disconnected from its bullish fundamentals, while US stock markets prepare to break to new record highs. Gold and a couple of softs have also been making new bullish breakouts.
The EUR/USD went into this weekend near its highs. Having started last Monday below the 1.03000 level, and finishing this Friday within sight of the 1.05000 realm is an accomplishment regarding positive risk sentiment.
Coffee Arabica went into the weekend near the 412.50 USD price, which accomplished further upwards momentum when the past handful of days are considered, but that is not the real story.
WTI Crude Oil has gone into this weekend near the 70.310 ratio, well below the starting point of nearly 71.000 USD, but a high of nearly 73.360 was seen on Tuesday highlighting speculative forces.