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.
Currencies, metals, cryptocurrencies and equities ended the week with mixed signals as traders monitored interest rates, dollar strength and key technical zones.
USD/JPY remains supported near multi-decade highs, but the threat of renewed Bank of Japan intervention could create sharp volatility throughout June.
BTC/USD starts June on a cautious footing as fading momentum and softer investor demand threaten further downside below the $70,000 level.
Crude oil is likely to remain choppy in June as Middle East uncertainty keeps traders focused on the $100 pivot and $85 support.
USD/MXN remains biased lower heading into June, with 17.50 acting as resistance and the peso’s yield advantage keeping rallies vulnerable to selling.
The S&P 500 remains bullish heading into June, with pullbacks toward 7,300 likely to attract buyers as momentum targets a move toward 7,700.
The NASDAQ 100 remains bullish heading into June, with the AI trade supporting further upside while geopolitical risks and overbought conditions may trigger choppy pullbacks.
Gold remains pressured by high US interest rates, but June could bring a rebound if yields ease and Middle East uncertainty starts to settle.
EUR/CAD continues to trade sideways between 1.59 support and 1.61 resistance as energy concerns and uncertain risk appetite limit momentum.
USD/MXN is showing renewed bearish pressure after failing near 17.50, with the carry trade still favoring peso strength on rallies.
GBP/USD remains choppy but supported near the 200-day EMA, with easing US yields helping buyers target the 50-day EMA and 1.3550.
AUD/USD remains supported near the 50-day EMA and 0.7150, with RBA strength and commodity momentum keeping buyers focused on 0.7275.
Silver is trying to form a bullish hammer as lower rates support buyers, but the market remains rangebound between $70 and $80.
Natural gas is pushing toward the 200-day EMA as summer heat supports demand, but strong US supply keeps the market vulnerable to selling near resistance.
Gold continues to attract dip buyers near the 200-day EMA, but a move above $4,600 likely needs a sustained drop in US yields.
