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 GBP/USD pair wavered as traders reacted to the latest developments in the United States, where President Donald Trump is working on a deal to reopen the Strait of Hormuz. It was trading at 1.3430 on Monday morning, higher than this month’s low of 1.3300.
Bitcoin price continued its downward trend, moving to its lowest level in over a month as ETF outflows continued and odds of a hawkish Federal Reserve jumped amid the stubbornly high inflation.
The AUD/USD pair remained under pressure on Monday as geopolitical tensions rose and as traders reacted to last week’s Australia’s jobs report. It was trading at 0.7128 as focus shifts to the closely-watched inflation report.
Weekly Forex Forecast for 24–29 May 2026 on AUD/USD, major stock indices and Brent Crude, with analysis of falling inflation, elevated bond yields and the impact of the emerging US–Iran deal on risk assets and volatility.
The GBP/USD went into this weekend around the 1.34312 mark which was a solid improvement from the lows of 1.33100 seen this past Monday.
WTI Crude Oil went into this weekend slightly below the $96 level in futures markets, and slightly above that mark via spot transactions, both types of contracts finished Friday near low water values.
Global markets remain unstable as traders react to interest rates, macro uncertainty and shifting risk appetite across currencies, gold, crypto and equities.
USD/CHF is facing short-term pullback pressure, but the broader bias remains bullish as yield differentials and Swiss National Bank policy support the dollar.
USD/JPY remains bullish despite Thursday’s pullback, with 158 acting as key support and 160.50 as the breakout level for a larger upside move.
Copper remains bullish after buyers defended $6.25, with tight supply and strong long-term demand supporting a move toward $6.50.
GBP/USD is stabilizing between the 200-day and 50-day EMAs, with 1.3350 acting as support and 1.35 as the next upside target if buyers gain momentum.
Gold remains under pressure from high US yields, with $4,600 and the 50-day EMA acting as key resistance until rates begin to ease.
EUR/USD remains pressured below the 200-day EMA as higher US yields, Fed tightness, and Europe’s energy risks favor selling rallies.
USD/CAD remains bullish as rising US rates and economic concerns in Canada support a move toward 1.39, with 1.37 acting as key support.
Bitcoin continues to hold near the 50-day EMA, with institutional ETF inflows and resilient price action supporting a potential move back toward the 200-day EMA and $84,000.
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