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.
Mantle (MNT) trades above $0.42 as buyers test the $0.428–$0.430 resistance zone, eyeing $0.44–$0.45 if support at $0.423 holds in the short term.
The USD/MYR is trading near the 4.0740 level as of this writing, this after touching a low of almost 4.0600 on Friday of last week, but considering the price action and global circumstances nervous highs in the currency pair remain in relatively bearish terrain.
The USD/ILS is trading near the 3.02950 mark as of this morning with a rather wide spread being shown, this comes after the Bank of Israel lowered its main interest rate on the 6th of July by another 0.25%.
Gold's overall trend: Bearish in the medium term with a short-term upward correction.
Overall Trend: Bearish in the medium term, with temporary corrective recovery attempts.
This currency pair has started to surprise again just after it had started to behave like its trend was coming to the bend at the end, as all trends are wont.
The EUR/USD exchange rate was flat on Thursday as traders reacted mildly to the latest Federal Reserve minutes. It was trading at 1.1423, inside its recent range, as traders waited for the upcoming European Central Bank (ECB) minutes and statements from some key Fed officials.
Bitcoin price retreated for the second consecutive day, as geopolitical risks continued rising. The BTC/USD pair dropped to 62,100, a few points below this week’s high of over 64,000.
The AUD/USD pair remained in a tight range on Thursday as traders reacted to the latest Fed minutes and the escalating crisis in the Middle East. It was trading at 0.6930, where it has been in the past few days.
Nasdaq 100 bounces from the 28,500 support area as buyers defend the 50-day EMA, with traders watching 30,000 resistance and Middle East volatility.
USD/CHF rises as US Dollar strength, interest rate differentials, and safe-haven Swiss franc demand shape the next breakout attempt.
AUD/USD hovers near the 200-day EMA as traders watch 0.6950 resistance, commodity weakness, Dollar direction, and breakout risk.
USD/CAD remains in consolidation above 1.4150 as oil gains, US Dollar dip-buying, and key resistance near 1.42 guide short-term trading.
Gold gaps lower near $4,000 as rising US interest rates, geopolitical noise, and death cross risks pressure XAU/USD.
Silver drops sharply as geopolitical risk, rising US interest rates, Dollar strength, and a break toward $57 support pressure XAG/USD.
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