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 pair rallied Friday as hawkish US data and Mexico's rate cuts fueled dollar strength, with the pair favoring upside amid economic and geopolitical concerns.
The German DAX struggled Friday after an initial rally, with hawkish Fed concerns and export challenges weighing on momentum, testing €21,500 support.
The price action has been consolidating since the price broke out of its descending price channel about three weeks ago, ending a trend with sideways movement.
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BTC/USD faces downside pressure due to macro risks, Fed hawkishness, and a double-top pattern, with bearish and bullish targets at 89,000 and 101,000, respectively.
The GBP/USD pair retreats as the BoE cuts rates amid a slowing UK economy, while Fed policy diverges, with bearish and bullish targets set at 1.2300 and 1.2550.
The EUR/USD pair remains pressured by mixed US jobs data as traders await inflation numbers, with key targets set at 1.0250 (bearish) and 1.0400 (bullish).
After touching a ratio near the 1.25530 ratio on Wednesday of this past week, the GBP/USD produced a close around the 1.23905 mark as the week ended.
Markets are dominated by a fundamentally strong US Dollar caused by rate divergence and President Trump’s new and threatened tariffs on imports, and a very strong Japanese Yen on Japanese wages growth.
Higher prices have been attained in Coffee Arabica again, this time the 400.00 USD ratio has been proven vulnerable and the price of the commodity remained near record values going into this weekend.
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After starting last Monday with some upwards price action buyers essentially ran into a brick wall, and the price of WTI Crude Oil started to track lower going into this weekend with a price of nearly 70.970.
Gold maintains its uptrend with a potential floor at $2800, while EUR/USD and GBP/USD face pressure from US dollar strength. Find the weekly market analysis for key currencies and indices.
Bitcoin continues to consolidate between $90K and $110K, as traders await clearer signals from monetary policy and broader financial market trends.
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The euro slips against the US dollar as traders anticipate the Non-Farm Payroll report, with central bank divergence and economic uncertainty driving bearish sentiment.
USD/CAD experiences choppy trading as trade tensions ease, but fundamental issues in Canada and upcoming jobs data could drive the next major move.
The British pound weakens after the BoE rate cut, with the downtrend intact as traders look to US jobs data for the next potential catalyst.