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.
The EUR/USD has gone into this weekend near the 1.17091 ratio which is around lows seen on Wednesday and Friday before producing slight upticks.
Despite lower US inflation, the market remained focus on a weak Japanese Yen and soaring precious metals as the Christmas holiday approaches.
WTI Crude Oil will begin Monday’s trading near the 56.530 vicinity depending on the brokers’ platform being used, this as the commodity continued to swim within lower depths during last week’s trading.
Discover this week’s outlook for forex, Bitcoin, and indices. Key support, resistance, and market sentiment ahead of Christmas.
RBI intervention has paused the rupee’s slide and anchored USD/INR above 90, but markets keep buying dollars on dips amid global risks and a still-supportive Fed outlook.
USD/CHF remains stable after CPI data, with SNB influence and long-term rate dynamics supporting a bullish bias within the current range.
EUR/USD continues to trade within its long-held range as dollar strength caps rallies near 1.18 and support remains near 1.15.
AUD/USD remains stuck in consolidation despite a small bounce, with weak momentum and firm USD strength keeping rallies as selling opportunities.
GBP/USD saw volatile trading after BoE and CPI releases, but key levels remain intact and the pound continues to show relative strength versus peers.
USD/JPY drifted lower after a CPI miss, but the broader uptrend remains supported by a persistent rate differential and strong long-term bullish bias.
Bitcoin remains in consolidation as it attempts to build a floor, with risk appetite and key levels determining whether recovery or deeper selling comes next.
USD/CAD remains volatile near 1.38, with soft CPI weighing short term but broader structure still supporting an eventual move higher.
Gold remains strongly bullish near record highs, with safe-haven demand and Fed expectations driving targets toward $4,400, $4,435, and $4,500.
EUR/USD climbs toward 1.1800 on Fed-driven dollar weakness, but overbought signals and policy uncertainty limit bullish momentum.
NZD/USD trades lower despite strong GDP figures, as nervous market sentiment and thin liquidity keep the pair hovering near key support around 0.5760.
