USD/CHF remains bullish as rising US rates and a wide yield differential favor the dollar, with 0.79 and 0.80 as the next upside targets.
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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Silver remains bullish but volatile, with buyers defending pullbacks while $90 caps upside and $80 offers key support.
Natural gas remains under pressure as weak seasonal demand keeps rallies capped, with traders still looking to sell exhaustion below the $3.00 ceiling.
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This currency pair has no trend or any real direction, indicating traders will likely be looking to trade reversals at either end of the dominant range.
This currency pair is still held in a range by strong resistance, but a bearish breakdown below $1.1725 is in sight as the steeper ascending trend line gets broken.
Gold remains volatile around the 50-day EMA, but buyers are still defending dips as traders watch for a breakout toward $4,880.
After making a new multi-month high, Bitcoin is stuck within a consolidating triangle, with bulls and bears very evenly matched. The first breakout could show the next major move.
Despite the short-term bearish trend, the pair remains near a 3-year high, but has traded without much direction for several days, making prediction challenging.
Bitcoin has pulled back a touch in the early part of the Monday session, as we are likely to continue to see the 200-Day EMA offering a bit of a wall.
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The British pound rallied on Monday, as we have seen a lot of US dollar weakness in general. At this point, we are now facing a significant resistance barrier as well.
The US dollar rose on Monday against the Canadian dollar but has since seen a bit of a pullback. The range continues as far as I can see.
Crude oil remains a difficult market to be involved in, as the headline noise is almost constant here.
The S&P 500 is rallying early on Monday, as we continue to focus almost solely on artificial intelligence, as has been the case for some time. With this, the market defies all negativity.
The Australian dollar is continuing to be very strong, although it's more or less a bit of a grind.
Copper continues to watch the artificial intelligence world, and the massive amount of demand that will be coming out of that endeavor. Copper will remain “buy on the dips” going forward.