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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On the last day of trading in 2024, it looks like the West Texas Intermediate Crude Oil market is going to continue to be positive.
In my daily analysis of major currency pairs, the USD/JPY pair is one that I always check right away, because it gives me a bit of a “heads up” as to how the US dollar is behaving overall.
In my daily analysis of the commodity markets, the silver market has captured my attention because I think it’s sitting at such a precarious level.
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The EUR/USD pair was on the verge of a bearish breakout as traders moved to a risk-off sentiment ahead of Donald Trump’s inauguration.
Bitcoin price stabilized above the $94,000 level as traders eyed numerous catalysts in the coming weeks.
The USD/INR continues to languish at the top of its apex highs and awaits impetus from global Forex which will remain relatively quiet today as financial institutions largely do not participate.
USD/TRY rises to 35.42 as Turkey’s monetary easing and economic measures drive continued lira weakness, targeting 35.50 resistance.
In the final trades of 2024, the Euro experienced increased losses against the US Dollar due to Trump's trade policies.
USD/JPY continues its bullish trend, eyeing the 160.00 resistance as U.S. dollar strength dominates amid cautious BoJ and Fed policies.
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GBP/USD trades below 1.2500, signaling a bearish outlook as U.S. dollar strength and dovish BoE policies pressure the pound toward lower support levels.
Gold prices remain bullish in early 2025, stabilizing near $2636 with expectations of further gains driven by central bank demand and geopolitical uncertainty.
During my daily analysis of the USD/MXN pair, the first thing I notice is that we are racing toward the 21 MXN level, an area that has been important multiple times.
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During the trading session on Tuesday, the first thing that I notice with the gold market is that we continue to hang onto a significant support level in the form of the $2600 level.
The GBP/USD pair remained unchanged on Thursday, as the strong US dollar remained in the market.
The USD/MYR continues to touch the higher part of its mid-term price range as the New Year holiday has passed, but global financial institutions largely remain away from trading until next week.