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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WTI crude oil breaks above $72.50, signaling bullish momentum with targets near $80 as rising U.S. demand and pro-business policies drive energy markets.
USD/MXN consolidates between 20 and 21 MXN, with the peso showing resilience despite economic and political pressures, while traders eye key levels for direction.
The DAX clings to €19,750 support, with bullish potential toward €20,500 as buyers find value and the index avoids a breakdown to €19,000.
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USD/JPY consolidates near ¥158, with strong bullish signals targeting ¥161.25 as buyers dominate amid robust demand for the U.S. dollar.
Gold climbs above the 50-day EMA, consolidating with a bullish bias as traders eye $2,715 resistance and await U.S. jobs data for further direction.
Natural gas prices rally on cold weather forecasts, with traders eyeing $4 resistance and potential gains to $4.50 while pullbacks offer buying opportunities.
USD/CAD nears 1.45 resistance, with bullish momentum supported by U.S. dollar strength and Canada’s reliance on U.S. economic performance.
Bitcoin consolidates within the $90K-$110K range, with bullish sentiment prevailing as traders watch key support levels and potential for upward breakout.
EUR/USD breaks below 1.03, with potential to test parity as ECB easing, U.S. dollar strength, and global uncertainty shape forex dynamics.
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On the last day of trading in 2024, it looks like the West Texas Intermediate Crude Oil market is going to continue to be positive.
In my daily analysis of major currency pairs, the USD/JPY pair is one that I always check right away, because it gives me a bit of a “heads up” as to how the US dollar is behaving overall.
In my daily analysis of the commodity markets, the silver market has captured my attention because I think it’s sitting at such a precarious level.
The EUR/USD pair was on the verge of a bearish breakout as traders moved to a risk-off sentiment ahead of Donald Trump’s inauguration.
Bitcoin price stabilized above the $94,000 level as traders eyed numerous catalysts in the coming weeks.
The USD/INR continues to languish at the top of its apex highs and awaits impetus from global Forex which will remain relatively quiet today as financial institutions largely do not participate.