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.
USD/MXN found support at 18.25 and is attempting a recovery, with resistance at 18.50 and potential upside toward 18.67–19.00.
Gold pulled back to $3650, but the bullish breakout from the $3500 level keeps $3800 in focus as the next major upside target.
Bitcoin surged above $117K, confirming its bullish trend, with a signal targeting $121K while support sits at $113,800 and $110K.
The US dollar strengthened against the Indian rupee, testing resistance at ₹88.50 after the Fed cut rates, with support near ₹87.45 in focus.
USD/CAD consolidates around 1.38 as traders eye a breakout toward 1.39–1.40, with 1.36 holding as key support.
The Nasdaq 100 rallied after the Fed’s 25 bps cut, with momentum fueled by Nvidia and Intel as bulls target the 25,000 level.
The euro nudged up against the pound after the BoE rate hold, but EUR/GBP remains stuck in its 0.86–0.8750 range, favoring short-term trading setups.
The US dollar extended gains against the yen on Thursday, consolidating between 146–149 as traders await the BoJ’s decision that could trigger a breakout or sharp reversal.
The euro failed to extend gains on Thursday, holding near 1.18 as traders weigh the Fed’s rate cut and await confirmation of a breakout toward 1.20 or a return to consolidation.
The EUR/USD pair corrected lower after hitting a 4-year high as traders digested the Fed’s 25bp rate cut, but the bullish outlook toward 1.2000 remains intact.
Gold (XAU/USD) stays bullish after the Fed’s rate cut, with traders watching $3,560 support for new buy opportunities and resistance targets at $3,710–$3,760.
Polkadot (DOT) is pressing $4.52 resistance with bullish momentum, but the next daily closes will decide if it breaks toward $4.60–$5.00 or slides back toward $4.30.
The S&P 500 bounced from Fed-driven volatility to record highs near 6,660, but traders must watch 6,670 resistance and 6,649 support as choppy sentiment persists.
The Nasdaq 100 is trading at record highs above 24,400 after the Fed cut rates, but traders should watch for volatility with 24,450 resistance and 24,401 support in play.
The US dollar weakened versus the Indian rupee, slipping under ₹88 as traders await the FOMC’s guidance, with key support at ₹87.40 and ₹87 in focus.
