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.
GBP/USD remains under pressure as rising bond yields and Middle East tensions weigh on sentiment ahead of key US inflation and UK economic data.
Bitcoin Forecast: BTC/USD Rebounds, Eyes $85,000
EUR/USD remains under selling pressure as traders await US inflation data that could influence the Federal Reserve's next interest rate decision.
Opportunities continue to be demonstrated on a daily (and sometime hourly) basis regarding possible sentiment shifts in WTI Crude Oil. The potential of developing news has become so frequent and evident that emerging reports may feel almost impossible to believe...
The crypto market has spent the week retreating broadly, and the losses have not fallen evenly across the field. Bitcoin (BTC) is down but has absorbed less pressure than most assets around it. Ethereum (ETH) has given up more ground than Bitcoin, trailing by a meaningful margin.
A stronger dollar, renewed pressure on EUR/USD and mixed signals from oil, Bitcoin and the S&P 500 put inflation, bond yields and technical levels in focus.
Copper, gold and six currency pairs are responding differently to interest-rate expectations, fiscal concerns and central bank policies. Key technical levels provide context for recent price movements.
EUR/GBP remains in a downtrend as French fiscal concerns and wider European debt pressures weigh on the euro against sterling.
USD/JPY continues to attract buyers on pullbacks as rising US yields and a favorable interest rate differential support the dollar.
EUR/CHF remains under pressure as European debt concerns drive investors toward the Swiss franc, despite the euro's favorable interest rate differential.
Gold remains under pressure from elevated US Treasury yields as it tests the key $4,000–$4,200 demand zone.
EUR/USD remains under pressure as French fiscal uncertainty, broader European debt concerns and rising US yields support continued euro weakness
USD/CHF continues to grind higher as the favorable interest rate differential between the US and Switzerland supports the dollar.
The momentum has drained out. Over the past month, XRP is up less than 2%, a sharp slowdown from the pace it set earlier in its run. The past week matters more, down around 4.5% as the advance gave way to selling.
While near-term sideways value may be one way of looking at the commodity, Gold continues to also exhibit rather durable support and resistance.
.jpeg)
.jpeg)
