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.
Most Recent
WTI crude oil trades sideways near key levels, with resistance at $72.50 and support at $65, awaiting demand recovery and economic growth signals in 2025.
Gold stabilizes near $2,600, facing resistance at $2,700 amid rising US yields and holiday liquidity challenges, hinting at sideways trading.
Silver consolidates near $30, with buyers defending key support at the 200-Day EMA, while resistance at $30.60 and industrial demand pressures shape its outlook.
Top Forex Brokers
USD/TRY rises to 35.29 amid Turkish lira weakness, with Central Bank policy shifts and rate cuts driving bullish momentum toward 35.50 and 35.70 targets.
The USD/MYR has managed to see some lower trading and is near the 4.4700 ratio at the time of this writing, this as volumes remain extremely low as holiday markets demonstrate quiet and caution.
USD/JPY remains bullish near 157.20, with traders targeting 160.00 as yen weakness deepens due to BoJ caution and US dollar momentum.
EUR/USD continues its bearish trend, stabilizing near 1.0400 support with parity in sight, fueled by US dollar strength and Eurozone economic challenges.
Trading volume will remain very low in the USD/SGD today, but Asian banking is working which is allowing for some movement in the currency as it traverses near long-term resistance.
GBP/USD remains under bearish pressure below 1.2500, with UK economic stagnation and strong US dollar fundamentals targeting support at 1.2460 and 1.2350.
Bonuses & Promotions
Gold prices rise post-holiday, driven by geopolitical tensions and inflation fears, with bulls targeting $2,700 as the year-end rally continues.
Ethereum trends upward toward $3,600 resistance, supported by Bitcoin's rally and ecosystem demand, with pullbacks finding support near $3,050.
The BTC/USD pair held steady above 98,000 amid low volume due to the Christmas season.
The US dollar strengthens against the yen, poised to break ¥158 and target ¥162, driven by high US yields and persistent yen weakness.
The British pound stalls against the yen near resistance at ¥200, with support at ¥195 and potential upside toward ¥208 if the resistance barrier breaks.
The EUR/USD pair was largely unmoved on Thursday as European markets remained closed for Boxing Day.