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
Price action is suggesting that a near-term rise is likely, but it seems like its not going to go very far.
USD/MXN: The peso is in a holding pattern as we wait to see how aggressive Trumps Mexico policy will be
FTSE 100: Generally bullish, the index has more upward momentum but is currently slightly overextended creating a buy-on-the-dip opportunity
Top Forex Brokers
Ethereum: Looking bullish, short-term pullbacks continue to trigger buying, with a “value area” at the $3400 level
USD/CHF: Looking at a short-term drift lower, while a massive bottoming pattern forms, creating a potential buy-on-the-dip scenario
The EUR/USD exchange rate rose as the US dollar index dropped by over 1%. It rose to a high of 1.0430, its highest swing since January 7, and about 2.45% from its lowest level this month. So, what next for the euro after Donald Trump’s inauguration?
Bitcoin: Continuing to look bullish, with pressure building to break out of the $110,000 to $110,000 range
Bitcoin price surged to a record high of $109,217 and then pared back some of those gain after Donald Trump became the US president. The BTC/USD pair retreated to 103,350 as some investors started to take profits.
USD/CAD: Volatility as Trump threatens tariffs, and the political situation remains uncertain making Canada untenable for investment
Bonuses & Promotions
Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy
USD/JPY: The ¥155 level now offers a significant amount of support, while the interest rate differential between the two currencies will continue to favor the greenback
EUR/USD: Euro presents the opportunity for a rally to fade and enjoy a brief selling opportunity
GBP/USD: Right now USD is overbought and GBP oversold though it is just a matter of time before the pair drops with the 1.21 level as the area to watch
AUD/USD: Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy
U.S financial institutions will be mostly closed today because of the Martin Luther King Jr. holiday, but USD/MXN has seen buying escalate early this morning as President Trump prepares to take office.