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 edged higher on Monday despite thin holiday trading, as the wide interest rate differential between the US and Japan continued to support the dollar.
Copper prices rallied on Monday as stable US Treasury yields allowed strong demand from AI data centers and ongoing supply constraints to drive buying interest.
EUR/USD tested the key 1.1150 support level before reversing its rebound, as ongoing French debt concerns and elevated US interest rates kept pressure on the euro.
AUD/USD struggled to sustain Monday's rebound as the 200-day EMA continued to act as resistance amid elevated US interest rates.
USD/CAD opened the week higher as weak Canadian employment data and elevated US interest rates continued to support the dollar.
While USD centric strength and higher U.S Treasury yields have garnered power the past month and a half, Silver has found itself in a slump. However, Silver remains within a price range that shows large players are still lurking.
EUR/USD Forecast: Bears Hold Control After 1.1150 Bounce
AUD/USD remains under selling pressure following the RBA meeting minutes, with traders now focused on upcoming US inflation data and Federal Reserve commentary.
Bitcoin remains under pressure near $83,000 as weakening ETF inflows, declining futures open interest and rising US bond yields weigh on demand ahead of US inflation data.
GBP/USD remains under pressure as a stronger US dollar, geopolitical tensions and upcoming US inflation data weigh on the pound.
Amid a backdrop of geopolitical uncertainty, key Australian and U.S. economic data this week could drive the AUD/USD’s next move.
Natural gas prices rebounded after a lower opening on Friday, finding support near the 200-day EMA as traders anticipate stronger seasonal demand.
EUR/USD remains under bearish pressure as French fiscal uncertainty, rising US interest rates, and broader European debt concerns weigh on the euro.
WTI crude oil continues to trade between $90 and $95, with trendline support holding as traders assess potential supply disruptions from a Gulf of Mexico hurricane and ongoing Middle East tensions.
Copper prices rebounded from the key $6.50 support level on Friday, reinforcing the bullish outlook despite elevated US interest rates.
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