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 Nasdaq 100 remains in a broader uptrend despite weakness near 25,000, with traders watching for a bullish bounce to reenter long positions.
AUD/USD trades near key support at 0.6500, with technicals pointing to a potential breakdown toward 0.6400 as bearish momentum builds.
GBP/USD is staging a short-term rebound but a break-and-retest of the 1.3141 neckline suggests further downside toward 1.3015 amid bearish technical signals.
EUR/USD is showing signs of a fading rebound after hitting 1.1567, with technicals and Fed-ECB divergence pointing toward a likely return to 1.1260 support.
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Stock markets and the US Dollar lost ground last week against a backdrop of increasing nervousness about tech overvaluation and an increase in the perceived probability that the Fed will cut rates next week.
The EUR/USD went into this weekend near the 1.15638 ratio, this after producing a solid reversal higher after hitting lows around 1.14675 on Wednesday.
WTI Crude Oil has gone into this weekend within lower values once again and closed Friday’s trading via futures around the 59.495 ratio.
Weekly market overview: key forex pairs, gold, oil, Bitcoin, and natural gas show mixed trends and volatility.
The Nasdaq 100 declined on Thursday toward the key 25,000 level amid rising volatility and AI profitability concerns, though the broader uptrend remains intact.
USD/CAD hovered around 1.41 on Thursday, showing signs of short-term exhaustion with a likely pullback to 1.40 before potential bullish reentry amid trade volatility.
The British pound rallied on Thursday after the Bank of England paused rate hikes, but the broader downtrend persists with key resistance at 1.32 and support at 1.30.
Ethereum continues to drift near $3,300 with weak momentum, as it remains dependent on Bitcoin’s direction, with downside risk toward $2,500 if $3,000 fails.
The U.S. dollar failed to hold gains against the Mexican peso, resuming its broader downtrend as traders eye 18.20 as a potential target in the coming weeks.
