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 GBP/USD exchange rate wavered as investors watched the new developments in Iran, where fighting continued. It also wavered ahead of the upcoming US consumer inflation report that comes later today. It was trading at 1.3430, up slightly from this month's low of 1.3248.
At this point, you have to ask whether or not the carry trade could come back to the Forex markets.
Bitcoin price remained steady above the key resistance level at $70,000 on Wednesday as the coin continued to see demand despite the ongoing war in Iran. The BTC/USD pair was trading at 70,100, up substantially from the year-to-date low of 60,000.
Short-term pullbacks are more than likely to be buying opportunities, as the pair has seen a lot of pressure to the upside. Remember, you get paid to hold this pair.
The US dollar continues to see a lot of noisy behavior as the war in Iran causes massive volatility in various assets. At this point, oil is another thing to think about in this particular market.
We are closer towards the top of the consolidation area at the moment, as we are looking to see whether or not the market can move further, or if we are still stuck in the same region.
The 1.16 level is an area that I am watching, as the markets are trying to turn things around, as the markets are moving on risk appetite more than anything else.
The Australian dollar continued rising this week, reaching its highest level since June 2022. It remains in a bull market after soaring by 21% from its lowest point in 2025 as focus shifts to the upcoming US inflation report.
The price has been rising quite strongly so far this week, suggesting that the move might overcome the resistance level at $0.7134 which guards the long-term high price just above.
The Euro fell early on Monday, as the markets continued to see a lot of volatility. With this, the market is likely to remain noisy, but at the end of the day, we are also rangebound.
The British pound initially fell a bit against the US dollar as the markets tried to price in a massive escalation of the war in Iran.
The gold market initially fell during the trading session on Monday, but found plenty of buyers near the $5,000 level.
The light sweet crude oil market was all over the place on Monday, as retail traders most certainly got blown up.
Silver initially plunged on Monday to kick off the week but found plenty of support near the $80 level yet again.
Bitcoin has been very noisy during the trading session to kick off the week, as we continue to see Bitcoin fight back against massive selling pressures out there.
