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.
Bitcoin nears $106K breakout. If breached, $110K and $135K could be next targets. Support solid at $100K.
Risk-on sentiment has continued to improve, with US stock markets and the US Dollar gaining as President Trump obtained large orders for American gods and services from Saudi Arabia, Qatar, and the U.A.E.
Markets steady: DAX climbs, NASDAQ rallies, Bitcoin holds, USD strong, gold near $3200, EUR & GBP show weakness.
The US dollar is pressuring key resistance against the Swiss franc near 0.85, with consolidation hinting at a potential breakout despite broader downtrend signals.
GBP/USD remains capped near 1.34 with a potential breakdown looming, as triple weekly shooting stars and oversold dollar conditions favor bearish continuation.
The Australian dollar slipped against the yen Thursday, with the 92 yen level acting as critical support; a bounce could trigger bullish reversal, but a breakdown risks deeper losses.
The NASDAQ 100 reversed early losses Thursday, signaling continued bullish momentum with 21,000 acting as strong support and 22,000 as the next resistance.
The Australian dollar reversed early gains Thursday, trapped in a consolidating range between 0.6350 and 0.65 as global sentiment and China’s outlook drive uncertainty.
Bitcoin remains bullish as buyers defend the $100K support level, with repeated hammer patterns suggesting a breakout toward $110K could be imminent.
Gold rebounded sharply from key support at the 50-day EMA, signaling potential for a breakout toward $3400 as bullish momentum and central bank demand return.
Crude oil remains volatile and pressured by oversupply concerns and resistance near the 50-day EMA, with key support at $60 and resistance at $65 shaping the outlook.
The Turkish Lira continues its sharp depreciation against the US Dollar, with USD/TRY trading in a bearish channel and testing new historical support levels.
EUR/USD is stuck in a tight range as traders await pivotal US and Eurozone data, with price direction hinging on whether 1.10 holds or 1.13 breaks.
Gold prices have pulled back sharply as risk appetite rises and dollar strength continues, with XAU/USD potentially retesting $3,000 before any bullish recovery.
Shiba Inu (SHIB) has pulled back from recent highs but is showing signs that the correction may be short-lived.
