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.
BTC/USD trades near $60,000 as Bitcoin faces ETF outflows, Strategy-related selling risks, US Dollar strength, and a potential double-bottom recovery setup.
GBP/USD remains under pressure near key support as US Dollar strength, BoE rate cut hopes, and upcoming UK GDP and US NFP data shape the next move.
The USD/MXN is near the 17.50000 level depending on the bid and ask at this moment, this as the currency pair remains relatively calm while showing an ability to creep lower.
The EUR/USD went into the weekend near the 1.13823 mark, which was actually an accomplishment for bullish traders considering lows on Wednesday touched the 1.13245 vicinity.
Weekly Forex Forecast for this week with expert analysis of USD/JPY, USD/CAD, Nasdaq 100, Gold, and WTI Crude Oil, plus market sentiment, central bank updates, and key trading levels.
WTI Crude Oil finished futures trading below $70 on Friday, but the commodity and energy sector look set to face an immediate test of sentiment early when Monday begins.
Gold, the Nasdaq 100 and major currency pairs continue trading around important support and resistance levels, keeping market participants focused on price behavior.
USD/CHF slips after an extended rally, but carry trade support, Fed rate hike expectations, and the 0.80 support zone keep buyers interested.
NZD/USD tries to bounce from oversold levels, but US Dollar strength, weak New Zealand fundamentals, and carry trade pressure keep the bearish outlook intact.
USD/MXN turns lower after testing resistance above 17.50, with carry trade dynamics and Fed rate expectations shaping the next move.
GBP/USD sits at a major support zone as US Dollar strength, Fed rate expectations, and a potential death cross shape the next move.
AUD/USD attempts to stabilize near the 200-day EMA, with traders watching 0.6950 resistance and 0.6835 support for the next directional move.
Silver remains under pressure below $60 as US Dollar strength, Fed rate hike expectations, and weak commodity sentiment weigh on XAG/USD.
USD/CAD sees rare selling after a strong rally, but interest rate differentials, weak Canadian growth, and key support levels keep the bullish outlook intact.
Gold attempts to bounce near the crucial $4,000 level, but US Dollar strength, Fed rate hike expectations, and fading war premium keep pressure on XAU/USD.
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