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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USD/TRY rises to 35.42 as Turkey’s monetary easing and economic measures drive continued lira weakness, targeting 35.50 resistance.
In the final trades of 2024, the Euro experienced increased losses against the US Dollar due to Trump's trade policies.
USD/JPY continues its bullish trend, eyeing the 160.00 resistance as U.S. dollar strength dominates amid cautious BoJ and Fed policies.
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GBP/USD trades below 1.2500, signaling a bearish outlook as U.S. dollar strength and dovish BoE policies pressure the pound toward lower support levels.
Gold prices remain bullish in early 2025, stabilizing near $2636 with expectations of further gains driven by central bank demand and geopolitical uncertainty.
During my daily analysis of the USD/MXN pair, the first thing I notice is that we are racing toward the 21 MXN level, an area that has been important multiple times.
During the trading session on Tuesday, the first thing that I notice with the gold market is that we continue to hang onto a significant support level in the form of the $2600 level.
The GBP/USD pair remained unchanged on Thursday, as the strong US dollar remained in the market.
The USD/MYR continues to touch the higher part of its mid-term price range as the New Year holiday has passed, but global financial institutions largely remain away from trading until next week.
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The Australian Dollar has been one of the weakest major currencies over recent months. Will this continue into 2025?
Ethereum trades flat near the 50-day EMA, eyeing $3,600 resistance while awaiting Bitcoin’s next move to drive market direction.
AUD/USD breaks below 0.62, with U.S. dollar strength and Chinese economic concerns likely driving the pair toward the critical 0.60 level.
USD/MYR gains momentum, with a potential breakout above 4.5 as U.S. dollar strength and high rates dominate emerging market currencies like the ringgit.
USD/CAD gains momentum as U.S. dollar strength and rate differentials drive a rally toward 1.45, with pullbacks presenting buying opportunities.
The British Pound faces continued pressure near 1.25 support, with the strong U.S. dollar and Fed rate policies driving potential declines toward 1.23.