Crude oil jumped on Monday amid geopolitical concerns, but remained stuck in its $60–$65 range as traders weigh OPEC output against support-driven buying.
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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The British pound remains resilient on Monday, with strength above key support and limited trade war risks helping it outperform other major currencies.
The Mexican peso extended its rally against the U.S. dollar on Monday, but weak U.S. data raises concerns that Mexico’s economy could soon feel the impact.
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After an early selloff on weak US data, USD/CAD found support at 1.37, forming a potential hammer as dollar strength re-emerges across major pairs.
Natural gas surged over 7% Monday on geopolitical tensions, but with mild U.S. weather and ample supply, traders remain skeptical of sustained upside.
The euro rebounded against the yen after an early drop, with buyers targeting a move above ¥165 as risk appetite stays firm and technical support holds near ¥162.
Silver rallied over 5% on Monday, breaking through the $34 resistance and targeting $35.50, with $33 now likely acting as support in a bullish continuation setup.
BTC/USD is consolidating below $105K as it forms a bullish cup and handle pattern, with traders watching for a breakout toward $110K despite weak ETF demand and June seasonality.
The GBP/USD pair surged toward 1.3592 on US slowdown fears, with bullish momentum building above resistance as traders eye a breakout toward 1.3700.
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The EUR/USD pair surged on weak US data and recession concerns, breaking resistance and targeting 1.1565 as traders await eurozone inflation and ECB guidance.
We expect spot gold prices to rebound higher at the beginning of this week's trading amid ongoing tensions in Russia. Furthermore, gold prices began trading
The USD/TRY pair experienced severe volatility in the latest session, with its price significantly dropping from opening levels of 0.0371 to close at 0.0255.
we expect the EUR/USD price to move within narrow ranges around last week's closing levels, awaiting market and investor reactions to this week's significant
The USD/ZAR has moved slightly lower in this morning as choppiness has proven to create a rather bumpy near-term for the currency pair as financial institutions
The USD/MXN has continued to show an ability to traverse to lower values, but day traders should not get over confident because intraday volatility remains