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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During my daily analysis of the cryptocurrency markets, the Ethereum market has caught my attention, because we initially did try to rally.
In my daily analysis of the GBP/USD currency pair, the first thing that comes to mind is that the British pound has taken it on the chin.
The Pound and the US Dollar are swinging around without any clear direction, although there is a valid long-term bullish trend in the US Dollar. Direction here is difficult to predict.
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During my daily analysis of Bitcoin, it’s obvious that every time we dip, there seems to be a certain amount of traders out there that will be willing to take advantage of making some profit.
Bitcoin price remained on edge, a few points below the year-to-date high of $99,800 and the crucial resistance point at $100,000.
The AUD/USD exchange rate made a bearish breakout as the US dollar rebounded and after mixed economic numbers from Australia. The pair dropped to 0.6460, a few pips above 0.6435.
The EUR/USD exchange rate retreated sharply as concerns about the French government rose. The pair slipped from 1.0600 to 1.0450, its biggest daily decline in over a week.
The Turkish lira weakens as the counterfeit dollar crisis disrupts exporters, with USD/TRY rising amid an ascending price channel and resistance near 35.00.
The GBP/USD pair faces downward pressure amid weak UK economic data and increased demand for the US dollar due to escalating trade war tensions.
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USD/JPY rebounds near 150.20, with potential support at 149.20 and 147.80, as markets weigh BOJ interest rate signals and US dollar strength amid Trump policies.
The EUR/USD remains bearish around 1.0515 as dollar strength persists, with focus on US jobs data and critical support at 1.0455 for potential further declines.
Gold prices fall to $2622 amid a strong USD driven by geopolitical tensions, with support at $2600 and resistance at $2700 shaping the XAU/USD outlook.
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The New Zealand dollar has fallen pretty significantly during the trading session against the Japanese yen, which has been strengthening against most other things.
Ethereum hovers at $3,600, poised for a breakout alongside Bitcoin, with potential gains toward $4,000 or a pullback to critical support at $3,300 and $3,000.
The GBP/USD pair tests the 1.27 level, with a potential breakout signaling a rally or a pullback indicating continued consolidation in the current range.