The GBP/USD finished this past week showing it had the capability of sustaining a higher realm going into this weekend near the 1.36275 mark.
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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As the prospects of a peace deal between the USA and Iran seemed to rise again, risk assets and stocks rose last week, while energy prices took a hit. Find out if a turnaround might happen this week as we face another Trump war deadline due Thursday.
Futures prices for WTI Crude Oil finished near the $91.480 mark going into this weekend, this after touching lows near the $87.000 mark on Wednesday.
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Gold, Bitcoin, Nasdaq 100 and major FX pairs trade near key technical zones as markets react to rates and risk sentiment.
The US dollar bounces from the key 156-yen level as geopolitical noise and BOJ intervention pressure ease, with a hot NFP print on Friday potentially driving a grind back toward 158 yen.
Copper rallies Thursday supported by AI-driven electrical demand and geopolitical tailwinds, with the $6 level acting as key support and bulls targeting a longer-term move toward $6.50.
The Australian dollar gives back early Thursday gains with resistance at 0.7250, but RBA rate hikes support a buy-the-dip strategy targeting a return to highs with key support holding at 0.71.
The US dollar slips below 0.7775 vs the Swiss franc as 10-year yields fall on Middle East peace hopes, with traders eyeing a potential rebound above 0.78 ahead of Friday's NFP release.
Silver surges on falling interest rates with the $90 target in sight, but traders face key risks at the $82.50 resistance level ahead of Friday's NFP report and ongoing US-Iran peace uncertainty.
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Gold rallies toward the 50-day EMA with eyes on $4,900–$5,000 targets, but traders should stay cautious ahead of Friday's NFP data and monitor the 10-year US Treasury yield for rate direction.
The Euro faces strong resistance between 1.18 and 1.1850 against the USD, with traders cautious ahead of Friday's Non-Farm Payrolls report amid Middle East tensions and Fed policy uncertainty.
Bitcoin is pulling back after testing the 200-day EMA, but positive ETF flows and resilient price action keep the broader bullish recovery intact.
Risk assets got a major boost from Trump’s touting of a peace deal within a week, but the rise in Bitcoin remains subdued.
The USD/ILS is within lower values not seen since 1993, this as the currency pair traverses within sight of the 3.90000 and looks ready to push lower.
Day traders of the USD/MYR can clearly see the currency pair is once again touching lower depths after this morning’s price action, this as values around 3.9080 are challenged.