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 dip below $2600, pressured by Fed policy and dollar strength, but geopolitical risks and central bank buying hint at a potential rebound.
During my daily analysis of Bitcoin, the first thing I see is that we are in fact struggling a bit.
The euro remains under pressure, facing resistance near 1.06 and risking a move to parity amid economic struggles and US dollar strength.
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The USD/BRL finds itself trading within the higher realms of its long-term price range, this as holiday trading has created some calm and allowed financial houses to put off their worries until next week.
The Canadian dollar gains against the Swiss franc, supported by a strong 0.62 floor, oil prospects, and favorable economic dynamics.
Ethereum trades sideways below the 50-day EMA, awaiting Bitcoin's influence and increased liquidity to drive momentum.
The USD/ILS has demonstrated a rather quiet holiday price range, and found a middle ground as volumes remain very thin and speculators appear to be waiting for full market action next week.
The EUR/USD exchange rate resumed the downtrend as investors embraced a risk-on sentiment, leading to a higher US dollar.
The Australian dollar struggles near 0.625, with limited upside and potential for a breakdown to 0.55 as bearish momentum persists.
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The British pound faces resistance near 1.26 and risks a drop to 1.23 if 1.25 support breaks, as the US dollar remains the strongest major currency.
Bitcoin price remained under pressure, forming a head and shoulders pattern, even after major purchases by companies like MicroStrategy and Tether.
The AUD/USD pair was flat near its lowest level since October 2022 as the US dollar index ended the year on a high note.
Yesterday saw some surprisingly strong movement in the price here, but the action is ranging and is likely to continue so today.
GBP/USD stays bearish at 1.2500 support, with US dollar strength and UK rate cut expectations pushing the pair toward lower levels.
EUR/USD stays bearish near 1.0400, with the US dollar's strength and Eurozone concerns driving the pair closer to parity.