As traders await the beginning of WTI Crude Oil trading on Monday morning and over the coming week in the commodity, they can reflect on lessons learned over the past few sessions.
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.
Most Recent
As is often the case during crypto winters, the digital asset market spent the week pulling in different directions.
USD/CAD heads into the new week with the same big question hanging over it: can this pair finally build enough momentum to challenge $1.42 in a meaningful way?
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EUR/USD is repeatedly testing the 1.1400 support zone as Middle East tensions, shifting US rates, and safe-haven flows raise the risk of a downside break.
This week’s Forex forecast highlights a bullish US Dollar, strong USD/JPY, vulnerable EUR/USD, capped Gold, and WTI Oil driven by US–Iran war risk.
Global markets begin the week with attention centered on interest rates, geopolitical developments and technical levels shaping the behavior of metals, currencies, cryptocurrencies and equities.
Gold continues to attract attention, but not because the market looks especially confident. The more interesting feature is that support around $4,000 keeps holding even as traders are being pulled in different directions by the same macro forces that have unsettled so many other
AUD/USD had been trying to hold onto its recent recovery, but the tone has shifted. What looked like a relatively stable stretch has started to feel more fragile.
GBP/JPY holds near key levels as rising global yields, Bank of Japan policy limits, carry trade demand, and yen weakness support dip-buying.
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NZD/CHF pulls back as traders digest recent gains, but risk appetite, SNB policy pressure, RBNZ hawkishness, and a potential golden cross support the Kiwi outlook.
EUR/MXN rises as risk appetite weakens, but Mexican Peso yield support, oil tailwinds, and Euro energy risks keep the broader outlook bearish.
USD/JPY rises as US interest rates, yield differentials, dip-buying demand, and long-term bullish technical patterns continue to support the Dollar.
NZD/USD weakens as rising US interest rates, Fed hike expectations, yield differentials, and softer commodity currency sentiment pressure the Kiwi.
Nasdaq 100 tests key support as rising US rates, earnings season, summer consolidation, and dip-buying demand shape the NAS100 outlook.
USD/CHF gains as rate differentials, Federal Reserve hike expectations, and loose Swiss National Bank policy continue to favor the US Dollar.