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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The USD/MXN has continued to show an ability to traverse to lower values, but day traders should not get over confident because intraday volatility remains
We’ve seen rather negative momentum in the USD/MXN pair over the last couple of months, especially once we broke down below the 20 MXN level.
The US dollar has been very noisy against the Japanese yen during the month of May, and I think you will see more of the same.
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The S&P 500 has seen buying pressure during the month of May, as we are threatening the 6000 level above.
The NASDAQ 100 has had a very positive month of May, and now we are starting to see signs of hesitation as we close out month out.
The gold market has been fairly noisy during the month of May, as we continue to see a lot of questions asked about the overall trend in gold.
The EUR/USD pair has been very noisy over the last several weeks, as may has been a very volatile month overall.
The Light Sweet Crude market has initially tried to rally during the course of May, but we have seen a lot of selling pressure, as we continue to hang
The Australian dollar has been very choppy during the month of May, and quite frankly think June could bring more of the same.
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The GBP/USD pair had a strong performance in May, jumping to the highest point since 2022. This rally happened as the US dollar dropped
The EUR/USD exchange rate wavered on Monday as traders reflected on last Friday’s muted personal consumption expenditure (PCE) data and escalation of the trade
The BTC/USD pair has pulled back in the past few days as investors book profits following the strong surge between April and May. Bitcoin price dropped
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The AUD/USD exchange rate has remained in a tight range since the first week of May as investors watch key economic data, trade-related news, and monetary
The GBP/USD correlated to the broad Forex market rather well the past week, after starting near highs and then producing selling, the currency pair showed a slight recovery from Wednesday and Thursday’s lows as some buying developed.
Risk sentiment improved a little last week, but will likely be on the slide again as President Trump announces a doubling of steel and aluminimum tariffs to take effect this week, which will likely put more focus on the global July tariff negotiation deadline.