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.
Copper prices rebounded from the key $6.50 support level on Friday, reinforcing the bullish outlook despite elevated US interest rates.
Silver prices rebounded sharply on Friday after dipping below $60, supported by easing bond yields and potential short covering ahead of the weekend.
Price velocity higher in Gold was achieved with a solid result on Thursday and the higher track came within sight of values that could attract large players who like to jump on momentum as it starts to show force.
Meta description: EUR/USD is holding near 1.1200 after a sharp sell-off, but cautious sentiment, bond yields and dollar demand keep lower levels in play.
USD/CAD climbed above 1.4250 after Canada's employment report showed a surprising loss of 68,300 jobs, strengthening the bullish outlook for the US dollar.
AUD/USD remains under pressure ahead of the RBA meeting minutes and US inflation data, with rising bond yields influencing market sentiment.
GBP/USD remains under pressure as rising bond yields and Middle East tensions weigh on sentiment ahead of key US inflation and UK economic data.
Bitcoin Forecast: BTC/USD Rebounds, Eyes $85,000
EUR/USD remains under selling pressure as traders await US inflation data that could influence the Federal Reserve's next interest rate decision.
Opportunities continue to be demonstrated on a daily (and sometime hourly) basis regarding possible sentiment shifts in WTI Crude Oil. The potential of developing news has become so frequent and evident that emerging reports may feel almost impossible to believe...
The crypto market has spent the week retreating broadly, and the losses have not fallen evenly across the field. Bitcoin (BTC) is down but has absorbed less pressure than most assets around it. Ethereum (ETH) has given up more ground than Bitcoin, trailing by a meaningful margin.
A stronger dollar, renewed pressure on EUR/USD and mixed signals from oil, Bitcoin and the S&P 500 put inflation, bond yields and technical levels in focus.
Copper, gold and six currency pairs are responding differently to interest-rate expectations, fiscal concerns and central bank policies. Key technical levels provide context for recent price movements.
EUR/GBP remains in a downtrend as French fiscal concerns and wider European debt pressures weigh on the euro against sterling.
USD/JPY continues to attract buyers on pullbacks as rising US yields and a favorable interest rate differential support the dollar.
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