The USD/ILS has demonstrated a rather quiet holiday price range, and found a middle ground as volumes remain very thin and speculators appear to be waiting for full market action next week.
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 EUR/USD exchange rate resumed the downtrend as investors embraced a risk-on sentiment, leading to a higher US dollar.
The Australian dollar struggles near 0.625, with limited upside and potential for a breakdown to 0.55 as bearish momentum persists.
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The British pound faces resistance near 1.26 and risks a drop to 1.23 if 1.25 support breaks, as the US dollar remains the strongest major currency.
Bitcoin price remained under pressure, forming a head and shoulders pattern, even after major purchases by companies like MicroStrategy and Tether.
The AUD/USD pair was flat near its lowest level since October 2022 as the US dollar index ended the year on a high note.
Yesterday saw some surprisingly strong movement in the price here, but the action is ranging and is likely to continue so today.
GBP/USD stays bearish at 1.2500 support, with US dollar strength and UK rate cut expectations pushing the pair toward lower levels.
EUR/USD stays bearish near 1.0400, with the US dollar's strength and Eurozone concerns driving the pair closer to parity.
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The Turkish lira faces an 18% annual decline against the dollar as USD/TRY stabilizes near all-time highs, with bullish and bearish trading strategies in focus.
USD/JPY maintains a bullish flag pattern, with resistance at 160.00 as investors monitor Bank of Japan policies and potential intervention in currency markets.
Gold prices stabilize in a narrow range amid limited holiday trading, supported by geopolitical tensions and Federal Reserve policy expectations.
The Euro consolidates near 1.04, facing resistance at 1.06 and potential breakdown toward parity, with fading rallies remaining the dominant trend.
The DAX rebounds near 19,750, signaling strength in a low-volume holiday market, with bullish potential targeting 20,000 and beyond.
The price action is weakly bearish after the rejection of the resistance level at $1.2589, but the price of this currency pair is not likely to move much today.