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.
Bitcoin’s price action shows resilience above key technical support, with a bullish pattern suggesting a breakout toward the $100,000 mark is likely in the near term.
GBP/USD has pulled back into a falling wedge formation, suggesting a potential bullish breakout ahead of key UK employment and inflation data releases.
EUR/USD extended its decline to a five-week low as a head-and-shoulders pattern signaled further downside ahead of key EU inflation data and central bank updates.
The GBP/USD went into this week near a low of 1.33764, this after making a high around the 1.34955 vicinity on Tuesday of this past week. Risk adverse attitudse in the broad Forex market correlated to the downturn of the GBP/USD.
WTI Crude Oil went into this weekend above the 59.000 ratio, this as the commodity reacted quickly to developing news about Iran in a dynamic fashion.
Weekly analysis of oil, gold, forex, crypto and stocks. Discover key levels and trading opportunities for Spain and LATAM markets.
The US dollar advanced against the Swiss franc on Thursday, driven by carry trade flows and expectations that the SNB will resist further franc appreciation.
The S&P 500 showed resilience on Thursday, with dip buyers pushing the index higher as investors eye upcoming earnings reports and strong US retail data.
The euro weakened further against the US dollar on Thursday, as strong US data and diverging central bank outlooks continue to support defensive dollar flows.
The Australian dollar hovered near the 0.67 level on Thursday, with choppy trading driven by RBA policy expectations and China's improving growth outlook.
The US dollar extended losses against the South African Rand on Thursday, driven by strong carry trade flows and bullish momentum in commodity markets.
The Mexican peso extended gains against the US dollar on Thursday, driven by carry trade flows and expectations of slower rate cuts amid persistent inflation.
Despite choppy intraday moves, USD/JPY remains supported at 158, with traders favoring the dollar as the carry trade and dovish Bank of Japan policy support a continued uptrend toward 160.
The British pound continues to test key resistance against the Swiss franc, with a breakout above 1.0807 potentially confirming a bullish trend shift.
Bitcoin shows renewed strength as buyers defend $95K support, eyeing a breakout above the 200-day EMA and a potential rally toward $107,000.
