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
USD/MXN stays under 20.00 as risk sentiment strengthens, but traders remain cautious ahead of U.S. retail sales data and the upcoming Fed decision.
USD/ZAR continues to trade near the lower end of its range, with traders watching U.S.-South Africa political tensions and key support and resistance levels
Bitcoin’s bullish momentum strengthens as analysts project a potential rally to $126K by June, supported by historical trends and technical patterns.
Top Forex Brokers
AUD/USD consolidates as markets anticipate the Fed’s policy stance and Australian jobs data, with technical signals suggesting a potential breakout.
Bitcoin has recovered after looking heavy at multi-month lows. The price is now consolidating below what looks to be a very pivotal point at $84,807.
GBP/USD holds a bullish outlook ahead of BoE and Fed decisions, with technical signals pointing to further upside despite recent UK economic weakness.
EUR/USD remains steady ahead of EU inflation data and the Fed’s policy decision, with traders watching for signals on future rate cuts and market momentum.
The EUR/USD went into this weekend near the 1.08750, this after touching a high around the 1.09460 level on Tuesday, but the ability to sustain its higher price levels this week is a solid signal.
The US-driven trade war is continuing to send stock markets lower, especially in the USA, while Gold reached a new record high price above $3,000.
Bonuses & Promotions
Speculators saw lows in WTI Crude Oil not seen since the spring of 2023 early last week, then a reversal upwards which tested the 68.000 ratio momentarily happened, until some selling filtered in again.
This week’s market forecast covers Bitcoin, Forex, and indices. Key price levels, trends, and potential moves traders should watch. Stay informed!
During Thursday trading we have seen the Euro drop quite a bit against the US dollar, but quite frankly we’ve also seen a lot of buyers come in to pick up the currency.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
During the session on Thursday the market in Germany has dropped a bit, but quite frankly I think this ends up being a buying opportunity.
During the trading session on Thursday, we have seen more negativity in the Bitcoin market, one that simply doesn’t look like you can get out of its own way.
During the trading session on Thursday we saw the silver market finally break out, buyers are willing to come in and pick up silver.