Technical Outlook with Charts | zForex

[Z Forex]

U.S.–Iran Peace Deal Increases Risk Appetite (06.15.2026)​

Gold advanced past $4,300 per ounce on Monday, June 15, 2026, marking its third consecutive winning session. This sustained momentum follows a historic peace agreement between the United States and Iran designed to reopen the Strait of Hormuz.

The diplomatic breakthrough triggered a sharp decline in crude oil prices to a two-month low, subsequently easing global inflation anxieties and reducing the immediate threat of aggressive central bank rate hikes. Scheduled for a formal signing in Switzerland on June 19, the pact outlines the removal of naval blockades, extensive sanctions relief for Tehran, and the dismantling of Iran's nuclear program.

With the geopolitical risk premium dissolving in energy markets, investors rotated capital back into bullion, anticipating that lower fuel costs will grant monetary authorities room to adopt more accommodative stances. This shifting sentiment comes ahead of a crucial week for global monetary policy.

The U.S. Federal Reserve will hold its inaugural meeting under newly appointed Chair Kevin Warsh, where policymakers are widely expected to keep interest rates steady to evaluate the disinflationary effects of cheaper oil. Similarly, the Reserve Bank of Australia is projected to maintain its current stance, whereas the Bank of Japan appears poised to execute a rate hike to support the yen. Ultimately, retreating oil prices, cooling geopolitical tensions, and expectations of paused rate cycles keep gold firmly embedded in bullish territory.

Economic Calendar​

Euro Rallies Past 1.1600​

The euro climbed to $1.1606, clearing resistance and securing a weekly gain as a weaker dollar provided substantial tailwinds. The formal announcement of the U.S.–Iran peace agreement lifted a massive layer of geopolitical risk, fueling the dollar's decline.

Market participants continued evaluating the ECB's first interest rate hike in three years, with another increase anticipated by September. This tightening comes as the central bank raised its inflation outlook to 3.0% for 2026, despite trimming regional growth projections.

With 1.1600 now flipped from resistance to support, first resistance is seen at 1.1660, while initial support holds at 1.1600, followed by 1.1540.

Gold Surges Past $4,325​

Gold soared past $4,325 per ounce on Friday, expanding its rally following the formal announcement of a landmark U.S.–Iran peace agreement. This diplomatic breakthrough defused intense geopolitical and inflationary anxieties across global markets. President Trump confirmed the pact, with Iranian compliance effectively dismantling the risk premium that previously fueled safe-haven demand.

Strikingly, the precious metal sliced through its prior $4,220 resistance level, signaling powerful bullish momentum. Recent ECB rate hikes and stubborn U.S. inflation data kept expectations for Federal Reserve monetary tightening firmly intact.

First resistance is seen at $4360, with initial support near $4260.

Yen Keeps Firm Before BOJ​

The Japanese yen edged up to 160.08 per dollar on Monday, recovering modestly as markets prepare for this week's pivotal Bank of Japan meeting. Policymakers are widely expected to lift interest rates by 25 basis points to 1%, marking the highest level since 1995.

With Governor Kazuo Ueda hospitalized, the Deputy Governor will lead the decision. The yen found extra backing from improved risk appetite following the formal U.S.–Iran peace accord, though Japan’s heavy reliance on Middle Eastern oil maintains its structural vulnerability to geopolitical shocks.

Initial resistance stands at 160.90, while the first support is at 159.40.

Sterling Climbs Near 1.3453​

The British pound traded around $1.3453, gaining ground as the landmark U.S.–Iran peace agreement eased Middle East tensions and expectations of tighter Bank of England policy supported sentiment. This geopolitical de-escalation and subsequent drop in energy prices softened the short-term inflation outlook.

However, market participants still price in at least one BoE rate hike by September. Having cleared the 1.3400 threshold, the pair faces initial resistance near 1.3500, while primary support rests back at 1.3400.

From a technical view, resistance stands near 1.3500, with support around 1.3400.

Silver Holds Near $70.43​

Silver fluctuated near $70.43 per ounce, maintaining its upward momentum after surging over 6% in the previous session. The recovery remains supported by cooling inflation anxieties following the official U.S.–Iran peace agreement.

President Trump confirmed the pact, lifting a severe geopolitical weight. Meanwhile, recent ECB rate increases and strong U.S. producer price data kept prospects for further Federal Reserve tightening firmly in play.

From a technical view, resistance stands near $71.15, while support is located around $68.25.

Brent Crude Oil​

Brent crude slid toward $83.20 per barrel, hitting its lowest level in several months following the formal U.S. and Iran peace agreement. Confirmed by President Trump, the landmark deal defuses friction around the Strait of Hormuz and dismantles the heavy geopolitical supply premium that previously supported energy markets.

Aggressive selling pressure pushed Brent decisively through its key $87.50 support level. However, potential infrastructure repairs, residual security risks, and prolonged production disruptions may still delay a full normalization of oil supplies.

With $87.50 now broken, it becomes the first resistance level. The nearest support is seen at $82.00, with further downside opening toward $80.00.

Nasdaq 100​

The Nasdaq-100 extended its rally to 30,189, climbing decisively above the prior 29,670 resistance level. This tech-led surge was powered by easing Middle East tensions following the historic U.S. and Iran peace agreement.

Tumbling oil prices and lower Treasury yields provided extra fuel for the advance, giving bulls firm control despite lingering inflation worries. major resistance near 30,500.

Resistance stands at 30,500, while the nearest support is located at 29,900.

Chinese Yuan (USD/CNH)​

The offshore yuan appreciated toward 6.7570 per dollar, moving past key technical thresholds as improving risk sentiment followed the landmark U.S.–Iran peace agreement. This diplomatic breakthrough defused Middle East friction and lowered global energy costs.

Meanwhile, investors evaluated China's latest inflation prints. May consumer prices rose a modest 1.2% year-on-year, underscoring soft domestic demand. However, producer prices climbed to 3.9%, marking the highest level since 2022 due to earlier commodity spikes.

While retreating geopolitical premiums ease energy costs, sluggish consumer spending continues to squeeze corporate profit margins.

USD/CNH is testing resistance at 6.8050, with support positioned near 6.7450.

Bitcoin (BTC/USD)​

Bitcoin advanced toward $65,695, extending its recovery and breaking above prior resistance at $65,600 as buying pressure built. This breakout lifted the cryptocurrency out of its recent $61,139 to $63,964 trading range.

Momentum improved as broader risk appetite returned, aided by easing geopolitical tensions following the U.S. and Iran peace agreement. However, overarching trend pressures remain mixed, with upcoming options expiry dynamics and inflation sentiment steering near-term direction.

Bitcoin’s first resistance stands at 67,000, while support is at 64,000.

 

[Z Forex]

Markets Keep Steady Focusing on the Peace Deal (06.16.2026)​

Gold held steady near $4,310 per ounce on Tuesday, consolidating recent gains as investors processed the week's first major central bank decision. Bullion has recovered over the past three sessions following the landmark U.S.–Iran peace agreement, which reopens the Strait of Hormuz and has dragged crude prices down to multi-month lows, easing inflation anxieties.

Under the accord, which will be formally signed in Switzerland on June 19, naval blockades will lift alongside sanctions relief for Tehran, effectively removing the war premium from energy markets as Brent slips below $84 and WTI trades around $81.

Meanwhile, the Bank of Japan made headlines by raising its benchmark rate by 25 basis points to 1.00%, its highest level since 1995. This widely anticipated step toward normalization aims to support the yen amid resilient domestic wage growth, shifting investor focus toward the future pace of monetary tightening and balance sheet reduction.

Market attention now pivots to Washington for the Federal Reserve's policy meeting, the first under new Chair Kevin Warsh. While rates are expected to hold at 3.50%–3.75% on Wednesday. The updated economic projections and dot plot will reveal whether the Fed maintains an easing bias or signals a potential year-end hike.

Economic Calendar​

Euro Hovers Near Peak​

The euro stabilized just below 1.1600 on Tuesday, supported by a weakening dollar following the formal ratification of the landmark U.S.–Iran peace agreement. This signed accord reopens the Strait of Hormuz and initiates a 60-day window for nuclear talks, removing significant geopolitical friction.

Meanwhile, investors continue to digest the ECB's recent interest rate hike to 2.25%, with another increase projected by September amid elevated 2026 inflation forecasts of 3.0%. Market focus now shifts to Wednesday's pivotal Federal Reserve decision under new Chair Kevin Warsh, where interest rates are widely anticipated to hold steady.

The first resistance level stands at 1.1600, while initial support is located at 1.1565.

Gold Holds Above $4,300​

Gold prices consolidated above $4,300 per ounce on Tuesday, holding near $4,330 following a three-day rally sparked by the official virtual signing of the U.S.–Iran peace accord by President Donald Trump and Vice President JD Vance. The historic agreement reopens the Strait of Hormuz, diminishing the safe-haven premium that previously supported bullion. Having cleared past resistance at $4,220, gold is stabilizing well under January's record high of $5,590.

While a recent ECB hike and firm U.S. economic data support a hawkish global outlook, investors await Wednesday's Federal Reserve decision under new Chair Kevin Warsh for fresh direction.

First resistance is seen at $4,360, with initial support near $4,285.

Yen Gains on BOJ Hike​

The Japanese yen appreciated toward 160.00 per dollar on Tuesday following the Bank of Japan's decision to raise interest rates by 25 basis points to 1%, marking its highest level since 1995. With Governor Kazuo Ueda hospitalized, Deputy Governor Shinichi Uchida guided the policy normalization move.

Market attention is now focused on Uchida's press conference regarding the future pace of tightening and bond tapering. The yen also drew support from improving global risk sentiment after the formal ratification of the U.S.–Iran peace accord, which significantly alleviates energy security risks for import-dependent Japan.

Initial resistance stands at 160.50, while the first support is at 159.00.

Sterling Defends 1.3400​

The British pound stabilized around $1.3405 on Tuesday, supported by the finalized U.S.–Iran peace agreement and expectations of a firm Bank of England stance. While the geopolitical breakthrough and falling energy prices cooled near-term inflation outlooks, persistent domestic price pressures mean markets are still pricing in a potential BoE rate hike this year.

Investors focus now shifts to Wednesday's May inflation data and Thursday's BoE policy decision, where interest rates should hold at 3.75%.

From a technical view, resistance stands near 1.3460, with support around 1.3400.

Silver Consolidates Gains​

Silver stabilized near $69.80 per ounce on Tuesday, maintaining its broader upward trajectory following a powerful 6% surge in the prior session. This recovery is underpinned by fading global inflation anxieties after President Donald Trump confirmed the official signing of the U.S.–Iran peace agreement, which successfully removed a major geopolitical burden from financial markets.

Meanwhile, last week's ECB rate hikes and strong U.S. producer-price data keep the potential for future Federal Reserve tightening alive, ahead of Wednesday's policy decision under new Chair Kevin Warsh.

From a technical view, resistance stands near $70.40, while support is located around $68.25.

Brent Crude Oil​

Brent crude steadied near a multi-month low around $83.20 a barrel Tuesday after the signed US-Iran peace agreement reopened the Strait of Hormuz, removing the heavy supply-risk premium that previously propped up prices. Following President Trump's confirmation of the breakthrough, Iran's state oil company immediately slashed its July selling price to Asian buyers ahead of its market return.

Having broken below $87.50 support last week, Brent is consolidating losses. However, lingering uncertainty over infrastructure repairs, residual security risks, and lost production could delay full supply normalization.

Resistance is seen at 85.00, while the nearest support stands at 82.00.

Nasdaq 100​

The Nasdaq-100 surged 2.6% to 30,412 on Monday, achieving a multi-week high as a tech-led rally gathered strength following the official U.S.–Iran peace accord. Tumbling crude oil prices and retreating Treasury yields fueled the upward move, driving investor risk appetite despite underlying inflation worries. Cleaving through previous resistance at 29,670 and the psychological 30,000 milestone confirms strong bullish momentum.

The index preserved its gains on Tuesday as market attention shifted toward Wednesday's highly anticipated Federal Reserve policy decision, marking the first under incoming Chair Kevin Warsh.

Resistance stands at 30,700, while the nearest support is located at 30,000.

Chinese Yuan (USD/CNH)​

The offshore yuan stabilized near 6.7608 per dollar on Tuesday, maintaining its strongest level in a year as the historic U.S.–Iran peace agreement reduced energy costs and energized global risk appetite. Investors assessed China's May inflation data, which showed a 1.2% rise in consumer prices amid muted domestic demand, alongside a mid-2022 high of 3.9% for producer prices driven by prior commodity costs.

While the fading geopolitical premium limits energy costs, tepid consumer activity squeezes profit margins. Beijing continues managing the exchange rate to prevent rapid appreciation, supported by a record $105 billion trade surplus.

USD/CNH is testing resistance at 6.8050, with support positioned near 6.7450.

Bitcoin (BTC/USD)​

Bitcoin held firm around $65,700 on Tuesday, extending its recovery from early-June lows under $61,000 as risk appetite improved. This rebound was fueled by easing geopolitical tensions following the signed US-Iran peace agreement and supported by the Nasdaq debut of BlackRock's new Bitcoin yield ETF (BITA). However, the $67,000 zone remains a tough overhead resistance that has capped recent recovery attempts.

The broader trend stays mixed as traders await the June 19 formal treaty signing, Wednesday's Federal Reserve decision, and upcoming inflation data to establish the next major market direction.

Bitcoin's first resistance stands at 67,000, while support is at 63,500.