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.
Bitcoin price remained under pressure this week, continuing a downtrend that started in October when it soared to a record high of $126,200. The BTC/USD pair was trading at 64,000 on Wednesday, a few points above this week’s low of 62,915.
The AUD/USD exchange rate remained in a tight range after the US and Australia published key macro data. It was trading at 0.7060 on Wednesday, a few points below this month’s high of 0.7155.
Bitcoin (BTC) is down by 4% over the last 24 hours, dropping to as low as $62,700 during the early Asian trading hours on Tuesday.
After falling for a few days, it seems that the price might be making a bullish square root pattern if the support at $1.3467 continues to hold.
Silver launched during the trading session on Monday, looking for the $90 level again, as we see the same range play out overall. Silver remains bullish in general, but also dangerous.
The German index rallied a bit in the early hours of Monday trading, as we are looking to continue to the uptrend. However, this is a market that continues to face problems with rallies.
The US dollar continues to see a lot of questions asked about it, but at this point in time, the Canadian dollar has been a touch soft. Oil is a wildcard, but at this point, it is still not a major factor.
The Australian dollar rallied to kick off the week but continues to see a lot of resistance at the same level.
The US dollar remains noisy, as the markets continue to price in interest rate differences, and risk appetite.
The British pound rallied early on Monday but hasn’t been able to hang onto gains very easily, as UK economic numbers have disappointed recently.
The EUR/USD exchange rate remained in a tight range on Tuesday morning as traders waited for the upcoming statements from several Federal Reserve officials and key macro data from the US. It was trading at 1.1790, down sharply from the year-to-date high of 1.2095.
Bitcoin fell during the early part of the Monday session, as appetite for digital assets continues to struggle.
The AUD/USD pair was unchanged as traders embraced a risk-off sentiment after the Supreme Court ruling on Donald Trump's tariffs, which came out on Friday. It also wavered as traders waited for the closely-watched Australian inflation report. It was trading at 0.7055, a few point
Gold has seen buying pressure again on Monday, as the markets continue to see a lot of noise from geopolitical events, central banks and interest rate policy, and simple momentum.
The AUD/USD pair was unchanged as traders embraced a risk-off sentiment after the Supreme Court ruling on Donald Trump's tariffs, which came out on Friday. It also wavered as traders waited for the closely-watched Australian inflation report. It was trading at 0.7055, a few points below the year-to-date high of 0.7155.
