EUR/CHF remains under pressure as European debt concerns drive investors toward the Swiss franc, despite the euro's favorable interest rate differential.
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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Gold remains under pressure from elevated US Treasury yields as it tests the key $4,000–$4,200 demand zone.
EUR/USD remains under pressure as French fiscal uncertainty, broader European debt concerns and rising US yields support continued euro weakness
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USD/CHF continues to grind higher as the favorable interest rate differential between the US and Switzerland supports the dollar.
The momentum has drained out. Over the past month, XRP is up less than 2%, a sharp slowdown from the pace it set earlier in its run. The past week matters more, down around 4.5% as the advance gave way to selling.
While near-term sideways value may be one way of looking at the commodity, Gold continues to also exhibit rather durable support and resistance.
GBP/USD remains near the bottom of its long-standing trading range, with buyers watching the 1.3150 support level for a potential rebound. Falling US Treasury yields could support sterling, while a break below 1.3150 may expose the 1.30 level.
EUR/USD remains under selling pressure as rising US interest rates and growing concerns over France's debt and budget outlook weigh on the euro.
Copper prices remain supported near $6.50 despite rising US Treasury yields and inflation concerns. The bullish outlook favors buying above $6.45, with a potential upside target of $6.90 as strong demand and supply constraints support the market.
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Behavioral sentiment in the broad markets has calmed a little in the past couple of days as financial institutions have situated themselves for a perceived coming storm. However, trading conditions in the EUR/USD remain stark...
WTI crude oil is testing the key $90 level and 50-day EMA as Middle East supply concerns keep prices volatile. A break below support could expose the $83 level, while a move above $95 would strengthen the bullish outlook.
Gold prices fell sharply on Wednesday, breaking below a major trendline as rising US interest rates weighed on the market.
Bitcoin has pulled back amid rising US Treasury yields and a stronger dollar, but bullish technical patterns suggest a potential recovery.
GBP/USD remains bearish following the FOMC minutes, with a stronger US dollar and rising bond yields weighing on the pound.
EUR/USD remains under selling pressure as surging bond yields, European debt concerns and a stronger US dollar weigh on the pair. Bearish technical indicators suggest further downside toward 1.1100, with sellers maintaining control of the broader trend.