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 GBP/USD exchange rate continued its downtrend even as the US dollar index (DXY) dropped ahead of the Federal Reserve minutes and the consumer confidence data.
The AUD/USD exchange rate remained under pressure in the past few weeks ahead of the Federal Reserve minutes, consumer confidence, and PCE inflation data.
The BTC/USD pair retreated to 95,000 in the overnight session, ending the recent strong rally. Bitcoin price was trading at $95,000, down from the year-to-date high of $99,800.
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The US Dollar again seems to be running out of strength after getting a boost from Trump’s tariff announcement. Direction here looks difficult to predict.
USD/TRY stabilizes near 34.50 amid expectations of Turkish monetary easing, inflation challenges, and technical support from an upward trendline.
The continued strength of the US dollar since Trump's victory has been supporting the downward trend of the GBP/USD currency pair, which recently plunged to the support level of 1.2487, the pair's lowest in six months.
Despite risk aversion among investors, the US dollar remains more attractive to buy than the Japanese yen, even though both currencies are among the most important safe havens in times of uncertainty.
At the beginning of this week's trading, the EUR/USD currency pair is expected to stabilize around its recent losses, which extended to the support level of 1.0332 last week.
Recently, gold prices recorded one of their strongest weekly gains in years. By the end of trading on last Friday's session, the gold price index jumped to the resistance level of $2715 per ounce from $2668 per ounce in the same trading session.
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The US dollar's rise against the Mexican peso signals economic trends, migration dynamics, and potential policy shifts, with a key focus on the 21 MXN level.
The US dollar rallied significantly during the early hours of Friday, breaking to the upside and reaching a new high.
During my daily analysis of the Dow Jones 30, the first thing I noticed is that although we did pull back.
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During my daily analysis of minor currency pairs, the AUD/CHF pair has caught my attention as the Australian dollar has now reached the 200 Day EMA.
The British Pound has fallen significantly to reach the 1.25 level, a large round psychologically significant figure that a lot of people will be paying attention to.
In my daily analysis of the CAD/JPY pair, I’ve noticed that although we initially did pull back just a bit, the buyers came in to pick up this market and show signs of life again.