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.
Morgan Stanley just reiterated that they expect data centers to continue to demand Nvidia hardware, and as a result, the AI scenario is still very bullish.
The USD/BRL finished yesterday’s trading slightly above the 5.5700 ratio, as holiday trading hits what is historically a low volume currency pair to begin with as speculators look for opportunities, but likely struggle to find any.
I think right now we’re looking at a market that’s going to bounce around between maybe 154.50 and 158 Yen.
Expanding free cash flow margins, rising monthly active platform users, and an accelerated push into autonomous vehicles hail bullish catalysts. Should you buy the correction in Uber?
The US dollar has rallied against the Canadian dollar on Monday in what is probably best described as a bit of an oversold condition. If we recover, we will see the US dollar rally against many other currencies at the same time.
The resistant area at around $0.6720 may be producing a bearish reversal, which could lead to a buying opportunity after a deep retracement.
Gold dropped rather quickly during the trading session on Monday, as it looks like the chaos in the silver market is starting to influence what is going on over here as well.
The Euro pulled back a bit during the trading session on Monday against the Japanese yen, as we continue to see a lot of noisy overall trading behavior.
The British pound has been pretty choppy during the Monday session as we continue to hover around the 1.35 level.
The light sweet crude oil market continues to see a lot of volatility on Monday, as we have in fact gapped to the upside and then rallied a bit, but we are already starting to see some of the strength leave the market.
The GBP/USD pair was flat at the crucial resistance level at 1.3500 as investors waited for the upcoming Federal Reserve minutes of the last monetary policy meeting. It has risen by nearly 4% from its lowest point in November as the US dollar sell-off continued.
The EUR/USD exchange rate pulled back slightly as market risks rose in the final week of the year. It dropped slightly to 1.1758, down from this month's high of 1.1817, as traders eye the upcoming Federal Reserve minutes.
Bitcoin price remained in a tight range, where it has been stuck at in the past few weeks. The BTC/USD pair was trading at 87,145 on Tuesday morning, down sharply from the year-to-date high of 126,200.
Gold remains firmly in bullish territory near all-time highs, supported by US dollar weakness, rising geopolitical risks, and expectations of future Fed rate cuts.
The euro is consolidating near the 1.18 level against the US dollar as traders position for Fed rate cuts in 2026 amid thin holiday liquidity.
