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 EUR/USD touched the 1.15900 level on Thursday and Friday, but closed around the 1.15669 mark as the weekend began and plenty of complicated questions remain ahead for Forex traders.
WTI Crude Oil has gone into this weekend near 82.630, this after touching highs around the 92.000 mark on Wednesday, and having started last Monday’s values with a drive higher that toyed with the 93.500 level.
Nasdaq, S&P 500, gold, silver and major currency pairs continue to trade within established structures as markets assess risk and momentum.
NZD/USD remains bearish after breaking below 0.58, with weak risk appetite, energy concerns, and US dollar strength keeping pressure on the Kiwi.
Copper is trying to define a new trading range, with the 50-day EMA near $6.20 offering support and long-term demand from AI and electrification keeping buyers interested.
USD/CAD remains bullish after pushing above the key 1.40 level, with strong US fundamentals and weaker Canadian data supporting further upside toward 1.41.
Silver is trying to stabilize above $60, but high rate sensitivity and volatile Middle East headlines keep the market vulnerable despite strong long-term demand.
USD/JPY continues to pressure a major long-term resistance area, with a move above 161 potentially opening the door to a significant bullish breakout.
Gold remains under pressure near $4,000, with weak price action suggesting sellers still control the market despite softer US yields.
EUR/USD remains bearish despite the ECB rate hike, as weak price action and resistance near the 200-day EMA keep sellers focused on 1.14.
AUD/USD is trading at a critical technical area near 0.6950, with the 200-day EMA and shifting rate expectations likely to determine the next major move.
USD/MXN remains rangebound after failing at 17.50, with Mexico’s interest rate advantage keeping sellers active on short-term rallies.
USD/JPY remains bullish as the dollar presses against a major long-term resistance zone, though potential BOJ intervention could create sharp short-term volatility.
EUR/CAD is trading sideways near 1.61 as the ECB decision, oil prices, and a negligible rate differential keep the pair trapped in a tight range.
AUD/USD is attempting to recover from support above 0.70, but the next move depends heavily on US yields and whether buyers can clear 0.7150.
