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.
The EUR/USD exchange rate continued its strong downward trend on Monday, reaching its lowest level since August last year as focus shifted to the upcoming Federal Reserve and European Central Bank (ECB) interest rate decisions.
Bitcoin price firmed on Monday, holding steady despite the ongoing Iran crisis. The BTC/USD pair was trading at 71,500, up substantially from the year-to-date low of 60,000.
The AUD/USD exchange rate continued its recent retreat as traders watched the ongoing Iran war, and the rising demand for the US dollar continued rising. It dropped to 0.6980, down substantially from the year-to-date high of 0.7187.
The EUR/USD has gone into this weekend near the 1.14165 ratio as risk sentiment in the broad financial markets continued to stay sour and create a bearish stampede.
The escalating war in the middle east is pushing energies higher, stocks lower, and generating considerable fear about what happens next, especially in the Gulf nations which are being attacked by Iran.
WTI Crude Oil closed above 99.000 going into the weekend, this as anxious large players try to gauge their outlooks regarding Iranian war implications and circumstances that are effecting sentiment quickly.
Market focus on major forex pairs and indices including USD/MXN, EUR/USD, NASDAQ 100, GBP/USD, USD/CAD, USD/ZAR, and DAX with key levels to watch.
USD/MXN is bouncing on risk-off flows, but 18.00 remains the key resistance level where sellers may look to reenter the broader downtrend.
Gold remains volatile but bullish overall, with $5,000 acting as key support and $5,350 as the upside target if buyers step back in near the 50-day EMA.
Crude oil continues to rally on geopolitical risks after tanker attacks in the Strait of Hormuz, though extreme volatility means traders should stay bullish but cautious.
CAD/JPY continues to favor the upside, with oil strength supporting the Canadian dollar and 115.50 acting as key support for a move toward 118.
Silver remains trapped in a choppy range, with $90 as near-term resistance, $80 as key support, and a longer-term bullish bias still intact above $70.
USD/JPY remains bullish after Thursday’s rebound, with dip-buying in focus and 160 acting as the key breakout level for a much bigger upside move.
USD/CAD rallied as broader risk-off flows outweighed oil strength, keeping the pair in its familiar 1.35 to 1.3750 consolidation range.
GBP/USD remains trapped in a volatile 1.3250–1.35 range, with downside pressure building below the 200-day EMA but no decisive breakdown yet.
