During the trading session on Tuesday, the first thing that I notice with the gold market is that we continue to hang onto a significant support level in the form of the $2600 level.
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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The GBP/USD pair remained unchanged on Thursday, as the strong US dollar remained in the market.
The USD/MYR continues to touch the higher part of its mid-term price range as the New Year holiday has passed, but global financial institutions largely remain away from trading until next week.
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The Australian Dollar has been one of the weakest major currencies over recent months. Will this continue into 2025?
Ethereum trades flat near the 50-day EMA, eyeing $3,600 resistance while awaiting Bitcoin’s next move to drive market direction.
AUD/USD breaks below 0.62, with U.S. dollar strength and Chinese economic concerns likely driving the pair toward the critical 0.60 level.
USD/MYR gains momentum, with a potential breakout above 4.5 as U.S. dollar strength and high rates dominate emerging market currencies like the ringgit.
USD/CAD gains momentum as U.S. dollar strength and rate differentials drive a rally toward 1.45, with pullbacks presenting buying opportunities.
The British Pound faces continued pressure near 1.25 support, with the strong U.S. dollar and Fed rate policies driving potential declines toward 1.23.
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GBP/USD faces a volatile 2025, starting at 1.2510 with early challenges from BoE dovishness and U.S. policy but potential recovery to 1.30 by year-end.
Gold prices are poised to climb in 2025, with geopolitical tensions, central bank demand, and cautious Fed policies setting a potential target of $3000 per ounce.
The S&P 500 enters January 2025 with consolidation near 5800 support, likely setting the stage for gradual gains as money flows return post-holiday.
The U.S. dollar rallies against the Mexican peso in January 2025, driven by Trump policies, rate hikes, and key technical levels like 20 MXN support.
WTI Crude Oil remains range-bound near $65, with potential for a bullish breakout in January 2025 driven by U.S. economic data and rising energy demand.
The USD/ZAR appears set to begin the New Year within the higher part of its monthly price range, this as global financial institutions continue to exhibit nervousness and USD centric power is seen.