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
The BTC/USD pair retreated below 98,000 in the overnight session as the recent Bitcoin rally lost momentum.
The GBP/USD exchange rate held steady as the focus shifted to the upcoming US inflation data and next week’s Fed and BoE decisions.
GBP/USD stalls near 1.2735, with selling likely to intensify as traders await US inflation data to shape Federal Reserve policy.
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EUR/USD holds near 1.0566 under bearish pressure as traders await ECB rate decision and US inflation data for direction.
Gold climbs to $2,650 on geopolitical tensions and Chinese demand, with bulls targeting $2,700 amid US monetary policy developments.
The USD/MXN has been able to sustain lower momentum as financial institutions seem to be adjusting to political realities which will affect economic policies and the currency pair.
The euro retreats below 1.06, pressured by US economic outperformance and Eurozone weakness, with 1.05 support and limited upside near 1.0750.
Ethereum surpasses $4,000, with support at $3,600-$3,800 and potential to reach $4,300 as crypto markets rally.
The US dollar outpaces the Canadian dollar, driven by economic strength and mixed job data, with buying opportunities emerging on short-term pullbacks.
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During the trading session on Friday, my daily analysis of the USD/JPY pair continues to look very messy, just due to the fact that we cannot seem to overcome the 200 Day EMA.
WTI crude oil nears $67 support, with potential to test $65 or rebound to $72.50, as traders navigate a three-year range-bound market.
During my daily analysis of the silver market, the first thing that I have noticed that is going on in the market is that every time we dip.
The New Zealand dollar edges toward 0.58, facing pressure from USD strength and sluggish economic performance in Asia, raising the risk of a drop to 0.55.
During my daily analysis of the gold market, the first thing that has caught my attention is that despite the fact that the gold market plunged overnight.
During my daily analysis of Bitcoin, the most obvious thing to pay attention to is the fact that Thursday was like a wild goose chase.