Weekly Forex Forecast for this week with expert analysis of USD/JPY, USD/CAD, Nasdaq 100, Gold, and WTI Crude Oil, plus market sentiment, central bank updates, and key trading levels.
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.
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USD/JPY, Bitcoin, AUD/USD, USD/CAD, Nasdaq 100, gold, and silver show how markets are adjusting to changing rate expectations and global risks.
EUR/USD remains under pressure as traders evaluate signals from the Federal Reserve, the ECB, and evolving geopolitical developments.
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WTI crude oil moved higher after Iran closed the Strait of Hormuz. Markets are reassessing global supply risks amid geopolitical tensions and declining inventories.
NASDAQ 100 buyers continue to support pullbacks above 30,000 as the index heads into the Juneteenth long weekend with momentum intact.
USD/CAD shows bullish breakout potential as Fed rate hike expectations, Canadian dollar weakness, and support near 1.40 favor further upside.
USD/MXN tests a key support region as narrowing yield differentials, Fed hawkishness, and Mexican economic weakness challenge peso strength.
Gold weakens despite falling US interest rates, with sellers pressuring XAU/USD as traders watch the key $4,000 support floor.
Silver weakens despite falling US interest rates, with the metal slipping near the 200-day EMA as traders watch $70 resistance and $60 support.
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Natural gas remains range-bound between key moving averages as mild US weather, high storage, and Middle East headlines limit momentum.
GBP/USD rebounds from the key 1.32 support level as traders weigh Fed-driven US Dollar strength, BoE policy, and UK economic signals.
Bitcoin drops toward its support region near $64,000 as risk appetite weakens and traders watch $60,000 as the key market floor.
AUD/USD attempts a slight recovery from 0.70 support as traders weigh Fed rate expectations, gold weakness, and a likely range-bound setup.
EUR/USD continues to weaken as Fed rate hike expectations support the US Dollar, with traders watching 1.14 support and 1.16 resistance.
Gold remains under bearish pressure as the hawkish Fed strengthens the US Dollar, putting $4,200 support and deeper downside levels in focus.