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 British pound initially did try to rally during the trading session on Friday but gave back gains as it looks like we continue to struggle overall.
The USD/ZAR is trading in a higher price range as nervous financial institutions continue to show a high degree of anxious thinking regarding mid-term outlook while the new U.S leadership is considered.
Dear my daily analysis of the yen related pairs, it’s worth noting that the euro initially did try to rally, but then it plunged.
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The US dollar has gapped to the downside during the early hours on Friday, only to turn around and rally, before giving up those gains again.
During my daily analysis of the NZD/USD pair, it looks as if we are threatening a major breakdown.
During my daily analysis of the AUD/USD pair, it’s obvious that the market has seen a lot of negative pressure when it comes to the AUD/USD pair, which of course is a measure of risk appetite, so it all comes together quite nicely.
During my daily analysis of exotic currency pairs, the USD/INR pair has caught my attention, as we continue to threaten a major resistance barrier.
The GBP/USD exchange rate has been in a steep sell-off since September 30th, falling from a high of 1.3428 to 1.2600, its lowest level since July 2. This sell-off accelerated as the US dollar index (DXY) surged from the year-to-date low of 100 to $107.
The Australian dollar continued its strong sell-off, hitting its lowest level since August 5 as the greenback’s resurgence accelerated. The AUD/USD exchange rate tumbled to 0.6450, much lower than the year-to-date high of 0.6942.
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The EUR/USD exchange rate tumbled to a low of 1.0495, its lowest level since October 6, 2023, as the risk-off sentiment continued following Donald Trump’s victory. It traded at 1.0540 on Monday morning, ahead of key economic data.
After a few days of consolidation, Bitcoin’s price action has turned bullish and seems to be threatening a new bullish breakout beyond the record high above $93,000.
The EUR/USD like many major currencies has found its value getting hammered lower as USD centric strength has galvanized global Forex amidst risk adverse trading and shifting behavioral sentiment.
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Forex markets are seeing a strong US Dollar, which has climbed to a fresh yearly high, weakening European currencies such as the British Pound and the Euro, while Bitcoin climbs and stocks tumble.
WTI Crude Oil slipped to a mid-term term low as the weekend approached, this after the commodity saw incremental selling grow in power throughout the week in response to the election of Trump.
Global markets see volatility with GBP/USD nearing 1.25 support, USD strong across pairs, S&P 500 testing 5700, gold at $2500, and crude oil holding near $65.