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.
Gold continues to struggle below $4,000, with increased volatility and technical weakness pointing to potential declines toward $3,800 or even $3,500.
USD/CAD bounced from the 1.40 level on Monday, with the broader uptrend intact as strong U.S. data and rate differentials favor a continued move toward 1.4250.
AUD/USD turned sharply lower after the RBA minutes reinforced a cautious stance on further rate cuts, with technical indicators pointing toward a test of the 0.6400 support level.
Bitcoin continued its sharp decline toward $91,900 as extreme fear, ETF outflows, and a bearish technical setup point to further losses toward $88,750.
GBP/USD holds near 1.3160 as inflation uncertainty and resistance at key levels point to a potential pullback toward 1.3010 in the short term.
EUR/USD turned lower toward 1.1585 as risk-off sentiment grows ahead of key Fed minutes and US jobs data, with bearish technical signals pointing to 1.1480 support.
Gold remains bullish above $4,000 despite recent profit-taking, as traders await fresh economic data and Fed signals following the US government’s reopening.
EUR/USD remains range-bound near 1.1620 as traders weigh fading bullish momentum against uncertainty over upcoming Fed rate decisions.
Bitcoin dropped to its lowest level since May, ignoring the US government’s reopening and fueling fears of deeper losses as technical and macro pressures mount.
Crude oil rallied on Friday but stalled below $62, as weak demand and strong resistance continue to cap upside momentum in a volatile, range-bound market.
USD/JPY surged from the 153.50 level on Friday, supported by strong carry trade dynamics and bullish momentum, with further upside likely above 155.
Bitcoin plunged through $100,000 on Friday, with weakening momentum and a potential death cross highlighting growing downside risks as ETF enthusiasm fades.
The Australian dollar stabilized near 0.6550 on Friday, supported by the 200-day EMA, as traders watch global risk sentiment and commodity demand for further direction.
Gold’s failure to hold above $4,200, combined with fading volume on the latest push higher, suggests the uptrend may be losing momentum and could face a deeper correction if the 50-day EMA gives way.
USD/ZAR continues pressing toward 17.00 support, but recent violent reversals and speculative pressure highlight the pair’s ongoing volatility and trading risk.
