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 NZD/USD is once again producing near-term lows as the 0.58500 level is attracting speculation, this as behavioral sentiment remains risk adverse in financial institutions and speculative outlooks try to take advantage of fast reversals.
The EUR/USD pair held steady in the overnight session as focus remained on the US labor market and next week’s European Central Bank (ECB) decision.
The BTC/USD exchange rate remained in a tight range as it struggled to move above the important resistance level at 100,000.
The GBP/USD exchange rate moved sideways after the JOLTS job vacancy numbers showed that the economy was doing modestly well.
The US Dollar remains strong, while the Australian Dollar is especially weak on BRICS tariffs fears and surprisingly low GDP data.
During my daily analysis of the commodity markets, the silver market has caught my attention as we have rallied to reach toward the 50 Day EMA.
In my daily analysis of the NZD/USD pair, it has become increasingly obvious that the US dollar continues to be the “preferred currency” of forex traders in general.
In my daily analysis of the EUR/USD pair, the first thing I see is that the euro is struggling against the US dollar yet again.
During my daily analysis of the GBP/USD pair, I’ve noticed that although we had a little bit of upward trajectory early in the session.
In my daily analysis of the AUD/USD pair, the first thing that comes to mind is the word “consolidation”.
Gold prices experienced selling pressure at the beginning of the US jobs week, declining to $2,622 per ounce from the resistance level of $2,652 per ounce in the same trading session, and stabilizing around $2,638 per ounce at the beginning of trading on Tuesday.
EUR/USD declines below 1.0500 under pressure from US dollar strength, driven by trade policy fears and eurozone political instability.
USD/SGD remains volatile near 1.34425 as nervous sentiment dominates, with key resistance at 1.34475 and potential U.S. jobs data influence ahead.
USD/BRL reaches record highs, driven by Brazil’s fiscal uncertainty and global nervous sentiment, with resistance near 6.0790 and continued volatility expected.
The US dollar strengthens against the Canadian dollar, nearing four-year highs, as Canada's economy feels the strain of reduced US demand.
