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 Euro sees a modest bounce but faces strong resistance at 1.06, as political instability and economic slowdown in the EU favor continued bearish pressure.
GBP/USD remains lackluster near 1.25, with thin trading favoring sideways movement and potential downside as interest rate dynamics support the US dollar.
USD/CHF stabilizes at 0.90 as rising US bond yields and Swiss National Bank rate cuts support a bullish outlook, with dips seen as buying opportunities.
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CAD/JPY edges toward the crucial 110 resistance zone, driven by yen weakness and support near the 50-day EMA, but faces challenges in breaking higher.
USD/MXN holds steady above 20 pesos support, with upside potential limited near 21 pesos amid Mexican economic struggles and pending US policy clarity.
Ethereum stalls below $3,600 resistance, with support at $3,000, as holiday trading and Bitcoin's influence shape its short-term direction.
Bitcoin consolidates below $100K, with key support at $88K-$90K, while a breakout above $100K could target $108K amid strong technical and psychological factors.
WTI crude oil trades sideways near key levels, with resistance at $72.50 and support at $65, awaiting demand recovery and economic growth signals in 2025.
Gold stabilizes near $2,600, facing resistance at $2,700 amid rising US yields and holiday liquidity challenges, hinting at sideways trading.
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Silver consolidates near $30, with buyers defending key support at the 200-Day EMA, while resistance at $30.60 and industrial demand pressures shape its outlook.
USD/TRY rises to 35.29 amid Turkish lira weakness, with Central Bank policy shifts and rate cuts driving bullish momentum toward 35.50 and 35.70 targets.
The USD/MYR has managed to see some lower trading and is near the 4.4700 ratio at the time of this writing, this as volumes remain extremely low as holiday markets demonstrate quiet and caution.
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USD/JPY remains bullish near 157.20, with traders targeting 160.00 as yen weakness deepens due to BoJ caution and US dollar momentum.
EUR/USD continues its bearish trend, stabilizing near 1.0400 support with parity in sight, fueled by US dollar strength and Eurozone economic challenges.
Trading volume will remain very low in the USD/SGD today, but Asian banking is working which is allowing for some movement in the currency as it traverses near long-term resistance.