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 Euro rallied again during the Friday trading, as we continue to see a lot of interest rate traders getting involved in anything they can against the Franc. Expect buyers on dips from what I see.
The GBP/USD pair has sold off in the past few weeks as traders assess the impact of the ongoing war on the economy. The pair dropped to 1.3260 on Monday, down sharply from the year-to-date high of 1.3870.
US dollar rose against the Mexican peso on Friday, as we continue to see a lot of interest rate moves driving things forward.
Silver continues to be very noisy at the moment, as the interest rate markets continue to see a lot of volatility.
The EUR/USD exchange rate dropped for four consecutive days as the US-Iran war escalated, pushing more investors to the safety of the greenback. It dropped to 1.1510 on Monday, down substantially from the year-to-date high of 1.2082.
The AUD/USD pair continued its strong downward trend this week, reaching its lowest level since January 23. It has dropped in the last four consecutive days and is down by 4.3% from the year-to-date high.
A finish around the 1.15103 mark going into this weekend, after the 1.16300 vicinity was seen on Wednesday demonstrates the shifting sentiment that shadows the broad Forex market.
President Trump succeeded in suppressing energy prices last week by pushing off his deadline to attach Iranian power infrastructure, while stock markets turned strongly lower, as yields and the US Dollar gained.
The price of WTI Crude Oil remains a speculative landscape, the value of the commodity finished near 98.700 going into this weekend and this coming Monday morning promises to deliver dynamic results again.
Stocks, FX, commodities, and crypto remain near critical zones as rising rates and global uncertainty drive market conditions.
USD/JPY is holding near a major ceiling around 160, with 158 acting as support and a break above 160.40 potentially opening a much bigger upside move.
EUR/USD is stuck in a tight 1.15–1.16 range, with sellers fading rallies near resistance as interest rate differentials and safety flows keep pressure on the euro.
GBP/USD is trading near the middle of its 1.3250–1.35 range, with the 200-day EMA marking fair value as short-term traders continue to play the chop.
Bitcoin is struggling to break above $72,000 as higher rates and soft risk sentiment cap gains, while $64,000 and $60,000 remain the key downside levels.
USD/CHF remains biased higher as interest rate differentials support the dollar, with traders buying dips and watching 0.80 as the next major resistance level.
