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.
Most Recent
USD/INR faces strong resistance at ₹88.50, forming a rising wedge. Support at ₹87 and 50-day EMA, with upside potential toward ₹89 if bullish breakout continues.
USD/ZAR turned sharply bearish after breaking below 17.50, with downside targets at 17.25 and 17.00 as selling pressure builds.
EUR/USD stays rangebound between 1.16 and 1.18 after the ECB’s rate hold, with traders awaiting the Fed’s decision for the next breakout signal.
Top Forex Brokers
The DAX remains choppy below its 50-day EMA, with support at €23,250 and resistance at €24,600 as traders await clearer momentum after the ECB decision.
The S&P 500 surged above 6580 with momentum building toward 6700, while support holds at 6500–6480 within a broader bullish channel.
Nvidia stock is set to open higher after a 4% jump, with traders eyeing a breakout above $185 while dips remain attractive buying opportunities.
NZD/USD is attempting to rally toward the key 0.60 resistance, with 0.5850 acting as support as markets weigh Fed and RBNZ rate cuts.
Crude oil remains rangebound with $62 acting as key support and $67 as resistance, as oversupply and weakening demand limit upside potential.
Bitcoin remains steady above $110K and the 50-day EMA, with bulls eyeing $117K–$120K while $105K serves as critical long-term support.
Bonuses & Promotions
Silver (XAG/USD) is consolidating after recent gains, with support at $40 and a bullish setup targeting $44.60–$45.
Gold (XAU/USD) remains strongly bullish near $3625, with bulls eyeing $3700 as Fed rate cut expectations and geopolitical tensions boost safe-haven demand.
EUR/USD remains neutral near 1.1690 as traders await the ECB decision and US CPI release, with 1.1580 support and 1.1800 resistance defining key levels.
USD/RUB climbs above 85.00 amid escalating Russia-West tensions, with traders eyeing resistance at 85.50 and potential upside toward 86.30.
NZD/USD is holding near 0.5930 with cautious upside momentum, as traders await US CPI and New Zealand manufacturing data for the next directional move.
Chainlink (LINK) is trading around $23.7, holding its ground after another attempt to push through the $24 region.