USD/TRY Forecast: Bullish at 33.50, target 33.75; Bearish at 33.75, target 33.50. Lira mixed as Turkish central bank intervenes amid financial volatility.
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
As of this writing, the GBP/USD currency pair was trading at $1.2756. Last Friday, it attempted to rebound upwards, but its gains did not exceed the resistance level of 1.2773.
The USD/JPY currency pair has stabilized modestly in recent days as some traders continued to buy the dip.
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The EUR/USD pair failed to sustain its gains at the beginning of the week, reaching the resistance level of 1.1008, the highest for the pair since the beginning of 2024.
Gold prices stabilized at the end of last week after a sharp rise in the previous session, as new US economic data eased recession fears, making the safe-haven metal less attractive to investors.
The British pound has risen slightly against the US dollar during Friday trading as we continue to see a lot of noisy behavior.
The US dollar has stabilized a bit during the trading session on Friday against the Mexican peso near the 18.83 level.
The British pound has gone back and forth during the course of the trading session on Friday, showing a little bit of hesitation
The US dollar initially did rally a bit during the trading session on Friday but gave back gains as it looks like a significant amount of resistance is sitting just above.
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The CAC Courant initially tried to rally during the trading session on Friday, but we've seen French equities give up some of the gains showing signs of hesitation.
The GBP/USD exchange rate rose for two consecutive days as traders waited for the key US and UK inflation and retail sales data.
It’s obvious that the AUD/USD pair is struggling with the 200-Day EMA, as we have pulled back just a bit.
The BTC/USD pair pulled back and moved below the key support at $60,00.
The AUD/USD pair waivered ahead of key economic data from Australia and the United States.
The first thing I notice is that bitcoin reached the 50-Day EMA but have since collapsed a bit to show signs of weakness.