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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Bitcoin climbs Monday after testing key support at $105,000. With bullish momentum building, traders eye $112,000 for a breakout and continuation higher.
The euro continues to rise against the Swiss franc, testing key resistance at the 200-day EMA. A break above 0.9420 could signal a bullish shift in risk appetite.
Crude oil gapped higher Monday but sharply reversed, signaling caution amid Middle East tensions. Support near the 200-day EMA at $65 could attract buyers soon.
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Gold pulled back Monday after nearing the $3500 resistance. Traders now watch $3300 support and the 50-day EMA for direction. Measured move suggests $3800 target.
The US dollar continues to weaken against the Canadian dollar as oil rises and risk appetite returns. Key support at 1.3425 could decide the pair’s next direction.
The dollar edges higher against the Swiss franc as traders defend 0.81 support. A potential double bottom forms, with upside to 0.83 possible if risk appetite returns.
GBP/USD continues climbing as traders eye a break above the 1.3650 resistance. Support at 1.34 remains key. A breakout could trigger a 250-point measured move.
The Australian dollar bounced Monday and now threatens a breakout above resistance. A golden cross supports the bullish trend as 0.66 and 0.67 become targets.
The US dollar continues to slide against the peso as the pair trades below 19.00. A bearish trend is reinforced by a recent death cross and positive peso swap flow.
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The US dollar continues to test key resistance at ¥145 against the yen. A daily close above ¥145.40 could initiate bullish momentum toward ¥146 and higher.
The Turkish Lira plunged to multi-month lows, falling over 31% last week. With no clear policy intervention, traders weigh the risk of a further drop below 0.0250.
Gold hits $3446 as safe-haven demand soars on Israeli strikes. Bullish trend strengthens with potential to break all-time high. Support at $3400; resistance at $3540.
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The euro eased against the US dollar after hitting 1.1632, its highest in over 3 years. Geopolitical tensions and a busy central bank week may drive volatility.
USD/ZAR hovers near 17.833 amid illiquid markets as South Africa observes Youth Day. Traders remain cautious with global tensions and Fed uncertainty in play.
USD/MXN tested 18.83 support after Friday’s spike toward 19.10. With crude oil volatility and Middle East tensions in play, FX traders remain cautious.