Crude oil prices continue to press against the $65 resistance level, with rising volume and economic signals suggesting a possible breakout amid upcoming NFP volatility.
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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Copper briefly broke the $5 barrier Thursday before retreating, with traders closely watching for a breakout confirmation amid economic uncertainty and NFP anticipation.
The Turkish Lira plunged sharply against the US Dollar, breaking support levels as bearish momentum dominates and fears of deeper losses mount.
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Gold continues its bullish climb, driven by economic uncertainty, Trump’s Fed pressure, weak US job data, and rising central bank demand.
TRON (TRX) is trading at approximately $0.2734, which reflects a modest 0.69% increase over the past 24 hours.
The EUR/USD pair faces pressure below key resistance as traders await ECB's rate decision, with inflation data and political tensions weighing on sentiment.
The USD/RUB pair remains in a tight range near 79.00, reflecting ruble resilience despite geopolitical uncertainty and subdued market volatility.
The USD/MYR remains tightly range-bound near 4.2345, reflecting institutional calm as traders await key US data and developments in US-China trade talks.
Support level at $1.3543 looks very pivotal. If it holds, we will probably see the price make a new 3-year high and possibly rise as far as $1.3663.
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The US dollar fell against the Swiss franc after disappointing ADP job data and ISM PMI figures fueled speculation about a potential Fed rate cut.
The US dollar fell against the yen but remained above key support at ¥142, as weak US data battles strong interest rate differentials and Japan's bond troubles.
Gold continues its bullish trend as buyers step in on dips, with strong support above $3200 suggesting a potential rally toward the $3500 resistance zone.
The German DAX gapped higher on Wednesday and maintained its gains, with a potential breakout above €24,300 setting the stage for a rally toward €25,000.
The NASDAQ 100 continues its upward grind amid weak jobs and services data, as traders anticipate a potential breakout above the 22,000 resistance level.
The USD/MXN pair continues its slow decline amid weak US data and technical bearishness, with the 19.00 level acting as key support in the face of rate differentials.