WTI crude oil remains near recent highs as Middle East tensions sustain a geopolitical risk premium. Continued shipments through the Strait of Hormuz and key technical levels offer a more balanced view of market conditions.
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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EUR/USD, WTI crude oil and Bitcoin enter a week shaped by central bank decisions and economic data. Interest rates, inflation, geopolitical tensions and technical levels provide context for recent market moves.
Copper, the DAX, Nasdaq 100 and five other markets reflect different technical and economic pressures, from interest rates and energy costs to oil prices and industrial demand.
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USD/CHF has bounced after an initial decline, finding support near its 50-day EMA as favorable US–Swiss interest rate differentials continue to attract carry traders.
Gold has suffered a sharp selloff despite declining US Treasury yields, as renewed Middle East tensions and elevated bond yields weigh on sentiment.
Silver is facing intense selling pressure as renewed Middle East tensions and weakening risk appetite threaten the crucial $55 support level.
AUD/USD continues to consolidate between its 50-day and 200-day EMAs, with declining US Treasury yields helping support the Australian dollar despite limited expectations of an RBA rate hike.
EUR/USD is consolidating around 1.1200 as reports of US diplomatic withdrawals from Saudi Arabia raise concerns about renewed Middle East conflict and its potential impact on European energy supplies.
Ethereum (ETH), the largest smart-contract platform, has now pulled back to a round number that matters, dipping below it briefly today before buyers pulled the price back to defend it.
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While Gold had shown an ability to incrementally move higher the past few weeks, constant headwinds had made penetrating resistance difficult at best. This morning’s downturn has not seen evidence yet of broad market correlations...
EUR/USD continues to trade sideways with a bearish bias as interest rate differentials and concerns over rising European energy costs weigh on the euro.
USD/JPY remains range-bound between support near the 200-day EMA and resistance at ¥159, with the interest rate differential between the US and Japan continuing to favor the dollar
EUR/CHF is showing signs of forming a base after an extended decline, supported by the interest rate differential between the euro and Swiss franc.
GBP/USD continues to consolidate near the 200-day EMA as stronger-than-expected UK inflation provides some support for sterling, although resistance around 1.3450 limits immediate upside
AUD/JPY is gaining momentum as the interest rate differential between Australia and Japan continues to favor the Australian dollar, with support near the 200-day EMA and ¥109.