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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GBP/USD breaks above 1.25 but faces resistance, with traders eyeing short opportunities amid erratic moves and upcoming U.S. jobs data.
The EUR/USD exchange rate rebounded for the second straight day as the recent surge in the US dollar index cooled.
AUD/USD rallied post-holidays, peaking at 0.6300 before retreating to 0.6240.
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USD/TRY steady at 35.42 as Turkish authorities support the lira despite a 250 bps rate cut to 47.5%.
USD/JPY consolidates near 158 resistance, signaling a potential breakout toward 160 and higher as bullish momentum and dollar strength dominate.
The pound hit an 8-month low of 1.2352 against the dollar before stabilizing near 1.2417 amid US jobs data and Fed minutes anticipation.
Gold consolidates near $2639, with bulls eyeing $2700 as seasonal demand and central bank buying offset pressure from a strong U.S. dollar.
The EUR/USD faces its strongest bearish trend ahead of key US jobs data and Federal Reserve meeting minutes this week.
After touching highs of nearly 20.90000 on New Year’s Eve, the USD/MXN has seen some selling take place as it braces for the return of full market value.
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EUR/GBP struggles near 0.8250 support, with risks of a sharp drop as rate differentials and economic strength favor the British pound.
The Dow Jones 30 stabilizes after recent volatility, with a break above the 50-Day EMA signaling potential upside as traders await key payroll data.
The USD/ZAR has produced a bit of a downturn in early trading this morning but still remains in the higher elements of its mid-term range, opening the door for speculative opportunities.
USD/MYR challenges 4.50 resistance, with bullish momentum supported by U.S. dollar strength and technical setups targeting 4.65.
The US dollar rallied slightly during the trading session on Friday gaining about 24 basis points as I record this. The market pulled back toward the 20.60 level and stabilized a bit.
Silver struggles to sustain rallies near $30, facing technical resistance and sensitivity to rising yields, with potential downside if support at $28.75 breaks.