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.
USD/JPY threatens a major upside breakout as Fed rate expectations support the US Dollar despite possible Bank of Japan intervention risks.
EUR/USD: Bears in Control
Gold drifts lower into the weekend as falling US rates fail to support prices, with traders watching $4,000 support and the 200-day EMA.
Silver remains under pressure despite falling US interest rates, as traders reassess inflation expectations and watch the $60-$70 range.
GBP/USD holds near the key 1.32 support floor as traders watch for a short-term rebound within the pair’s broader range.
EUR/USD rebounds from the key 1.14 support level as traders watch short-term risk appetite, the 200-day EMA, and resistance near 1.16.
WTI crude oil shows signs of forming a range as oversold conditions, thin holiday trading, and supply concerns support choppy price action.
AUD/USD trades under pressure ahead of Australia’s CPI and jobs data, with Fed hawkishness and weak technical momentum weighing on the pair.
Bitcoin holds above $64,000, but weak ETF demand, hawkish Fed pressure, and a bearish flag pattern keep BTC/USD at risk.
The daily chart shows that the GBP/USD pair has slumped in the past few months, moving from a high of 1.3657 in May this year to a low of 1.3165.
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.
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.
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.
