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
.jpeg)
Ethereum rallied a bit during the trading session on Monday as we continue to see a lot of interest in crypto markets overall.
The British pound pulls back to the 200-day EMA against the yen, eyeing potential moves to 195 and 200 levels while risk sentiment drives volatility.
The Aussie dollar had initially gapped higher but then turned around to give back all of those gains to show signs of weakness against the mighty King dollar.
Top Forex Brokers
The USD/MXN was hit by an early surge higher this morning when news circulated that President-elect Trump will start his tariff negotiation with Mexico with a threatened 25% price tag.
In my daily analysis of the S&P 500 the first thing I notice is that we gapped higher to kick off the week.
Dear my daily analysis of the USD/JPY pair, the market has shown itself to be rather flat, which is not overly surprising.
In my daily analysis of exotic currency pairs, the USD/MYR currency pair has caught my attention due to the fact that we have a fairly significant technical set up.
In my daily analysis of the EUR/USD pair, it looks like the euro is simply treading water, just below the crucial 1.05 level.
The USD/ZAR surged to a high of around 18.22184 early this morning as USD centric strength shook the global Forex market when reports circulated President-elect Trump is intent on a tariff strategy.
Bonuses & Promotions
The GBP/USD exchange rate continued its downtrend even as the US dollar index (DXY) dropped ahead of the Federal Reserve minutes and the consumer confidence data.
The AUD/USD exchange rate remained under pressure in the past few weeks ahead of the Federal Reserve minutes, consumer confidence, and PCE inflation data.
The BTC/USD pair retreated to 95,000 in the overnight session, ending the recent strong rally. Bitcoin price was trading at $95,000, down from the year-to-date high of $99,800.
The US Dollar again seems to be running out of strength after getting a boost from Trump’s tariff announcement. Direction here looks difficult to predict.
USD/TRY stabilizes near 34.50 amid expectations of Turkish monetary easing, inflation challenges, and technical support from an upward trendline.
The continued strength of the US dollar since Trump's victory has been supporting the downward trend of the GBP/USD currency pair, which recently plunged to the support level of 1.2487, the pair's lowest in six months.