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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Gold prices remain stable in a narrow range above $3265 as bullish momentum builds, with upside targets at $3400 and $3460 amid rising safe-haven demand.
Crude oil remains range-bound between $55 and $65, with May’s outlook hinging on global trade tensions, OPEC output, and US seasonal demand trends.
USD/INR trades sideways near ₹85 as May opens, with geopolitical risks and global uncertainty poised to drive a potential move toward ₹88 or ₹83.50.
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After a strong April, EUR/USD faces pivotal resistance at 1.15, with May’s direction likely driven by global uncertainty and shifting US bond demand.
After falling through April, USD/ZAR may find support between 18.25 and 17.65 in May, with global uncertainty likely to limit further Rand strength.
EUR/USD remains bullish above 1.1400 as traders anticipate pivotal US data releases, with 1.1550 as a key upside target and 1.1280 support in focus.
USD/CAD remains range-bound as traders watch the 1.40 breakout level for a bullish move, with 1.38 as key support amid neutral technicals and political shifts.
The US dollar remains range-bound against the Mexican peso near 19.60, as traders watch interest rate spreads and shifting US-Mexico trade sentiment.
The US dollar slipped against the yen after an early rally, with ¥140 acting as critical support in a choppy market shaped by trade talks and technical resistance.
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Crude oil crashes toward the key $60 level as bearish momentum continues, though long-term support and extreme sentiment may signal a potential bottom.
Gold prices consolidate amid recent volatility, with support near $3200 and $3100 likely to hold as momentum builds for a possible retest of all-time highs.
The Euro remains stuck in a tight range between key levels as traders brace for Friday's NFP, with no clear breakout in sight amid fading momentum.
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The DAX index stretches toward key resistance at 22,500, but overextension signals a potential pullback before buyers return near 21,750 support.
The British pound is stalling at the 1.34 resistance level, with momentum hinting at a breakout but risk lingering for a drop toward 1.32 if sentiment fades.
The Australian dollar retreats from key resistance near 0.64, facing consolidation and downside risk amid technical barriers and China-related concerns.