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.
Silver futures were only open for a small amount of time on Friday but also continue to pay close attention to the interest rate markets.
The overall attitude of the Euro continues to be one of apathy, as traders are looking to determine where the interest rates of both the US and EU countries are heading.
Bitcoin is essentially in a bottoming pattern at the moment, as we are trying to turn things around. This is a market that has been following rates closely.
The Parisian index was a little bit negative during the trading session on Friday, but in all honesty, volume might have been an issue.
The USD/ZAR pair rose for two consecutive days as the US dollar rebounded after the latest US jobs report. It rose to 17, up slightly from last week’s low of 16.68. The South African rand has retreated by 8.6% from its highest point this year.
The USD/BRL has pulled back in the past few days, continuing a downward trend that started in December 2024 when it peaked at 6.3155. It dropped to 5.1560 on Monday, its lowest level since March 12.
The GBP/USD exchange rate has slumped in the past few months, a trend that may continue this week as geopolitical risks rise. It dropped to 1.3200, down by nearly 5% from its highest point this year.
Bitcoin price remained inside the narrow channel it has been in the past two months as demand from investors waned. The BTC/USD pair was trading at 68,000 on Monday, much lower than the all-time high of 126,200.
The AUD/USD exchange rate has pulled back on Monday as the US dollar continued rising after the strong US jobs data released on Friday last week. It retreated below the important support level at 0.6900 as traders waited for more US macro data and watched the ongoing Iran war.
EUR/USD retreats as strong US labor data shifts rate expectations. Technical signals point to growing downside pressure.
WTI crude reflects rising geopolitical risk and supply concerns. Price action shows strong momentum with signs of technical pressure.
Markets remain sensitive to interest rates and geopolitical risk. Gold, euro and bitcoin reflect a fragile balance between sentiment and macro drivers.
USD/CHF rallied to the key 0.80 level and 200-day EMA Thursday as spiking US rates and a 0% Swiss franc yield made for an easy carry trade, with a break above Tuesday's high needed to confirm a sustained bullish move toward higher ground.
Copper bounced from the critical $5.50 level Thursday as spiking US yields sparked a risk-off selloff, with bulls watching $5.70 for a breakout toward $6.00 and bears eyeing a drop to the 200-day EMA at $5.34 if support fails.
AUD/NZD grinds higher as RBA rate hikes diverge from expected RBNZ cuts, with 1.1950 support and the 50-day EMA near 1.19 backing a bullish move toward 1.2150 and a longer-term target at 1.23.
