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 AUD/USD exchange rate continued its strong downward trend, reaching a low of 0.6340, its lowest level since November 2023.
The BTC/USD pair continued its strong rally, reaching an all-time high, as demand for Bitcoin surged.
The EUR/USD exchange rate remained in a tight range after the mixed US retail sales data and ahead of the upcoming Federal Reserve decision.
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This currency pair is in a valid long-term bearish trend but is showing increasing signs of being strongly supported at $1.0480.
After attaining a low of nearly 5.8750 last Thursday, the USD/BRL has provided upwards momentum and yesterday’s highs broke new records as trading closed around the 6.1479 ratio by the end of the day.
Gold prices remain steady near $2,651, with upward momentum targeting $2,700 as central banks ease policies and geopolitical tensions sustain demand for safe-haven assets.
EUR/USD continues its downward trend below 1.05, weighed by Eurozone economic struggles and ECB policy, with support targets at 1.0420 and 1.0300.
In early morning trading the USD/ZAR has jumped to within sight of important near-term resistance levels.
The British pound has been very strong in the early hours of Thursday, as the market continues to see a lot of volatility.
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Ethereum rallies above $4,000, gaining momentum from Bitcoin’s breakout, with technical targets set toward the all-time high near $4,800.
Bitcoin rallies toward $110,000, supported by institutional interest and ETF momentum, with $90,000 serving as a strong floor for buy-on-dip opportunities.
During my daily analysis of the US indices, the NASDAQ 100 of course continues to shine when it comes to the sector of assets.
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USD/JPY extends gains above 154 yen, with traders eyeing central bank statements and further upside toward 156.75 amid continued dollar strength.
In my daily analysis of the commodity markets, the silver market has captured my attention as we are sitting just above a major trend line.
During the course of my daily analysis of commodities on Monday, it’s important to notice that the gold market continues to be supported in the same area.