Bitcoin dropped 4% on Tuesday, breaking below the 200-day EMA and $108K, with mounting downside risk if $100K fails to hold as support.
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 Australian dollar dropped on Tuesday, testing the 200-day EMA amid broad U.S. dollar strength, with key support at 0.64 and resistance near 0.6650.
Apple gained early Tuesday but trimmed gains as market panic hit tech stocks, with support holding near $270 and trend bias remaining bullish.
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USD/JPY pulled back to test the ¥153 level as support, with the broader bullish trend likely to resume due to ongoing US-Japan rate divergence.
Silver plunged but bounced near $47 on Tuesday, with price action suggesting potential consolidation above $45.50 or risk of collapse below.
The British Pound has been the weakest of all major currencies this week, while the USD remains strong on Fed comments and safe-haven desire as stocks fall.
AUD/USD remains under bearish pressure after the RBA decision and ahead of key US jobs and PMI data, with technicals pointing to a drop toward 0.6400.
BTC/USD turns bearish after breaking key support, forming a head-and-shoulders pattern as market fear rises and ETF outflows deepen.
EUR/USD remains bearish as risk-off sentiment, Fed-ECB divergence, and weak technicals point to further downside ahead of key economic data.
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Gold prices remain range-bound near $4000, with key support at $3880 and resistance at $4110 as traders await clarity from US data and China’s tax changes.
The EUR/USD pair remains under pressure, with the 1.14 level in focus as RSI and EMA indicators signal bearish momentum and limited upside.
The US dollar climbed to test key resistance at 0.81 against the Swiss franc on Monday, as SNB intervention signals and interest rate differentials drive upside bias.
The US dollar rallied sharply against the Canadian dollar on Monday, with interest rate differentials and central bank outlooks fueling continued upside.
Tesla gained 3% on Monday, nearing key resistance at $480 with bullish momentum pointing toward a potential breakout above $500.
Gold prices hovered near $4,000 on Monday, with fading momentum and rising uncertainty pointing to a possible distribution phase below key support.