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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The Turkish lira faces an 18% annual decline against the dollar as USD/TRY stabilizes near all-time highs, with bullish and bearish trading strategies in focus.
USD/JPY maintains a bullish flag pattern, with resistance at 160.00 as investors monitor Bank of Japan policies and potential intervention in currency markets.
Gold prices stabilize in a narrow range amid limited holiday trading, supported by geopolitical tensions and Federal Reserve policy expectations.
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The Euro consolidates near 1.04, facing resistance at 1.06 and potential breakdown toward parity, with fading rallies remaining the dominant trend.
The DAX rebounds near 19,750, signaling strength in a low-volume holiday market, with bullish potential targeting 20,000 and beyond.
The price action is weakly bearish after the rejection of the resistance level at $1.2589, but the price of this currency pair is not likely to move much today.
The Australian dollar struggles near 0.62 support, facing downward pressure from rising US yields and weak Chinese economic trends, with 0.60 as the next target.
During my daily analysis of exotic currency pairs, the USD/ZAR pair has captured my attention as the overbought condition of the US dollar finally caught up with it on Friday.
In my daily analysis of major currency pairs, the USD/CAD pair has caught my attention as we continue to see a more upward trajectory than anything else at the moment.
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During my daily analysis of the commodity markets, the West Texas Intermediate Crude Oil market has taken front and center stage.
USD/JPY retreats from 158 resistance, with thin holiday trading offering pullback opportunities, while long-term momentum favors eventual upside breakout.
Gold remains under pressure near $2,600, with rising US rates and thin liquidity capping momentum, while key levels at $2,645 and $2,700 define its range.
In my daily analysis of major currencies, the EUR/CHF pair has captured my attention due to the fact that we are getting close to the top of the recent range.
In my daily analysis of the crypto markets, Ethereum captures my attention because we have just seen a typical technical analysis move play out.
The USD/ZAR is a solid example of the broad Forex market as trading begins during this holiday week and nervousness remains a factor among financial institutions.