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.
EUR/USD remains bullish above 1.1375 while awaiting key US CPI data and trade talk outcomes, with possible pullbacks to 1.13 seen as buying opportunities.
Gold remains in a cautious uptrend above $3328, supported by US dollar weakness, US-China trade tensions, central bank buying, and technical bullish signals.
USD/ZAR trades near December lows with cautious bearish momentum, as financial institutions await US CPI data to confirm weaker dollar expectations.
USD/MXN continues its bearish trend near the 19.00000 inflection point, with traders eyeing upcoming US inflation data that could reinforce dollar weakness.
The Swiss franc is poised to break out above ¥177 against the Japanese yen, signaling potential strength to ¥180 and broader yen weakness as Japan’s bond market stumbles.
Ethereum rallied with Bitcoin on Monday, holding key support near $2400 and eyeing a bullish breakout toward $2800–$3200 if Bitcoin breaks above $112,000.
The US dollar is consolidating after a sharp selloff, with key support between 0.81–0.82 and potential for a bullish reversal if 0.83 breaks to the upside.
Copper rallied 1.11% on Monday, challenging the $5 resistance level within a $4.50–$5.00 range, as traders eye a potential breakout amid growth and inflation optimism.
The Australian dollar continues to rally against the yen, trading within a ¥92–¥96 range as rate differentials and potential Japanese QE support a bullish bias.
The euro rallied early against the US dollar but now shows signs of exhaustion near 1.15, suggesting likely sideways movement unless key levels at 1.12 or 1.15 break.
Bitcoin continues to attract buyers near $110K, with strong support around $100K and momentum building for a breakout above $112K toward $120K in the long term.
Silver surged above key resistance at $35.48, with historical highs and growing industrial demand supporting a bullish outlook despite likely short-term pullbacks.
The British pound is pressing against key resistance near 196.50 yen, with traders buying dips amid Japan's bond market stress and targeting 199–200 yen on a breakout.
Gold remains in a bullish uptrend with strong support near $3,200 and potential to break above $3,500, as dip-buying persists amid global economic concerns.
Bitcoin (BTC) posted a solid recovery over the last 24 hours, rising as much as 2.5% to an intra-day high of $107,974 on June 9.
