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
The NZD/USD has been able to produce some upwards mobility early this week which essentially saw the 0.56000 level tested and is now producing ratios next to the 0.56560 mark as of this morning.
GBP/USD: High volatility and a bearish outlook for the British pound with the potential bounce presenting an opportunity to short
BTC/USD: Bitcoin continues to look bullish, though seems to have hit a bit of a brick wall near the $110,000 level
Top Forex Brokers
USD/MXN: Choppy markets, as Trump turns up the heat with tariff threats on Mexico. This is a market that will continue to look at the region between 20 MXN and 21 MXN as a major barrier
USD/CHF: Long-term, the US dollar is bullish against the Swiss Franc, right now this is a potential “buy on the dips” market just waiting to happen
This market has seen a rebound, rising to a high of 1.2338, up from this month’s low of 1.2100.
EUR/JPY: Lots of volatility as the market awaits the Bank of Japan interest rate decision on Friday with the probability traders are looking at a period of consolidation
Bitcoin resumed the uptrend, nearing its all-time high of 109,217 as excitement about the new pro-crypto administration continued
Dow Jones 30: Rallying after a pullback, the DJ30 is poised for a breakout to the upside, with a potential 1500-point gain from the breakout point
Bonuses & Promotions
This pair will likely continue rising as bulls target the important resistance level at 0.6350
DAX: Still on a bullish run, hanging out above the 21,000 level, with plenty of buyers on the dips
The USD/BRL remains within higher price boundaries as 6.0000 has seemingly become an inflection point again for financial institutions and speculators.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The USD/SGD has seen sharp price action early today, essentially mirroring global Forex as financial institutions filter the power change in the U.S political sphere that is impacting outlooks.
Price action is suggesting that a near-term rise is likely, but it seems like its not going to go very far.
USD/MXN: The peso is in a holding pattern as we wait to see how aggressive Trumps Mexico policy will be