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 GBP/USD correlated to the broad Forex market rather well the past week, after starting near highs and then producing selling, the currency pair showed a slight recovery from Wednesday and Thursday’s lows as some buying developed.
Risk sentiment improved a little last week, but will likely be on the slide again as President Trump announces a doubling of steel and aluminimum tariffs to take effect this week, which will likely put more focus on the global July tariff negotiation deadline.
WTI Crude Oil went into this weekend with a lower price than it began last week, the commodity via futures pricing finished Friday’s trading near 60.100, but that is not the whole story.
The EUR/USD finished the month of May below its late April values, but the upwards movement in the currency pair since the 12th of May has been rather remarkable, yet scary for speculators.
The USD/ZAR remains in a steady bearish trend as it confronts support and sometimes proves it has the ability to go lower. The currency pair will begin June’s trading below 18.00000.
Get weekly insight on top markets: FX, indices, metals & crypto. Key levels & trends to watch from June 2 forecast.
USD/MXN drifted on Thursday after weak US GDP data, with the peso showing resilience near the 19.00 level as traders eye 19.50 resistance and long-term bearish signals.
The New Zealand dollar bounced on weak US GDP data but remains range-bound, with a breakout above 0.6050 likely to trigger a rally toward 0.6320.
Crude oil remains trapped in a narrow $60–$65 range as economic slowdown fears weigh on demand outlook, with traders awaiting a catalyst for a breakout.
The Australian dollar surged to 94 yen before reversing sharply as US GDP data and risk-off sentiment triggered a selloff, with 92 yen now a critical support level.
The US dollar fell against the Swiss franc on Thursday following weak GDP data and tariff drama, with 0.84 acting as critical resistance and 0.81 as strong support.
The US dollar dropped sharply against the Canadian dollar after disappointing US GDP data, with USD/CAD testing critical 1.37 support amid long-term trend uncertainty.
Bitcoin continues consolidating just below $110K, with strong support at $105K–$100K and bullish momentum eyeing a breakout toward $120K.
The euro rebounded sharply above 1.13 after weaker-than-expected US GDP data, but faces strong resistance at 1.14–1.15 amid lingering global recession fears.
The British pound rallied from 1.34 after disappointing US GDP data, with traders eyeing a breakout above 1.3650 or a deeper pullback if momentum fades.
