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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Technical analysis of EUR/USD with key levels, trend direction, and outlook.
The USD/ZAR is once again in its lower realm and will start the month of June near 16.
Weekly Forex Forecast: Get updated analysis on NZD/USD, major stock indices, and Brent Crude as falling inflation and US–Iran headlines drive market sentiment.
Going into this weekend the EUR/USD finished near the 1.16579 ratio, this after touching a low on Thursday around the 1.15860 ratio, highlighting a sharp week of reversals for speculators.
WTI Crude Oil futures went lower at the end of this past week and continued to show optimistic selling, this as rhetoric from the U.S White House tried to sound hopeful about the Iran situation.
Currencies, metals, cryptocurrencies and equities ended the week with mixed signals as traders monitored interest rates, dollar strength and key technical zones.
USD/JPY remains supported near multi-decade highs, but the threat of renewed Bank of Japan intervention could create sharp volatility throughout June.
BTC/USD starts June on a cautious footing as fading momentum and softer investor demand threaten further downside below the $70,000 level.
Crude oil is likely to remain choppy in June as Middle East uncertainty keeps traders focused on the $100 pivot and $85 support.
USD/MXN remains biased lower heading into June, with 17.50 acting as resistance and the peso’s yield advantage keeping rallies vulnerable to selling.
The S&P 500 remains bullish heading into June, with pullbacks toward 7,300 likely to attract buyers as momentum targets a move toward 7,700.
The NASDAQ 100 remains bullish heading into June, with the AI trade supporting further upside while geopolitical risks and overbought conditions may trigger choppy pullbacks.
Gold remains pressured by high US interest rates, but June could bring a rebound if yields ease and Middle East uncertainty starts to settle.
EUR/CAD continues to trade sideways between 1.59 support and 1.61 resistance as energy concerns and uncertain risk appetite limit momentum.
USD/MXN is showing renewed bearish pressure after failing near 17.50, with the carry trade still favoring peso strength on rallies.
