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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USD/JPY bounces from 146 support, with resistance at the 50-day EMA and 149. Bulls eye 151 if broken, while sub-145.50 would signal downside risk.
Silver failed to clear $48 resistance, with $46 support in focus. Bulls eye $45 for value buying, while a breakout could test the historic $50 ceiling.
Gold struggles near $3,900 but pullbacks toward $3,800 are seen as buying chances. Momentum targets $4,000 as rate cuts and global risks boost safe-haven demand.
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Euro remains volatile, capped by 1.18 resistance. Support lies at the 50-day EMA and trendline; breaks lower could expose 1.16–1.14, while bulls eye 1.19–1.20.
USD/MXN tests 18.50 resistance with 50-day EMA and trendline overhead. Failure favors downside toward 18.20, but risk-off flows could spark upside.
USD/CAD pushes toward 1.40 after breaking consolidation. Bulls eye 1.42 if resistance gives way, with 1.39 and 200-day EMA offering strong support.
USD/CHF holds support, testing 0.80 resistance. A breakout may target 0.81, but failure risks a slide below 0.79. Traders eye EMA and trend shift signals.
The British pound failed to hold 1.35, with risks of a drop to 1.34–1.33. Fed rate cuts fuel debate, but dollar demand remains strong in risk-off moves.
Bitcoin extends gains toward $124K. While volume is lighter, buyers eye new highs. Pullbacks near $117K remain attractive entry points for bulls.
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Apple retraced after gapping higher, testing $260 as key resistance. Support holds near $250–255, with potential bullish breakout aiming at $275.
Crypto markets sprang back to life in the lead-up to October, following a two-week pullback that had many saying, “I told you so,” regarding the possibility of a “Red September.” After bottoming out near $108,600 last Friday, Bitcoin (BTC) bulls went to work to ensure King Crypto finished the month in the red, ultimately sparking a late-September rally that resulted in a monthly gain of 6.34%.
Equity markets shook off the US government shutdown and pushed to fresh all-time highs, as investors bet that the shutdown would be short-lived. The extension of the equity rally, fueled by an apparent AI bubble, has reached dangerous levels, exceeding the pre-Dot-Com bubble. The labor market continues to weaken rapidly, as measured by the ADP report, which showed a loss of 32,000 jobs in September, and a downward revision for August from 54,000 job gains to 3,000 job losses.
Equity markets shook off the US government shutdown and pushed to fresh all-time highs, as investors bet that the shutdown would be short-lived. The extension of the equity rally, fueled by an apparent AI bubble, has reached dangerous levels, exceeding the pre-Dot-Com bubble. The labor market continues to weaken rapidly, as measured by the ADP report, which showed a loss of 32,000 jobs in September, and a downward revision for August from 54,000 job gains to 3,000 job losses.
The GBP/USD exchange rate held steady on Thursday as the US dollar retreat continued. It jumped to a high of 1.3485, continuing a trend that started when it bottomed at 1.3325.
The EUR/USD exchange rate was unchanged on Thursday morning as market participants waited for more information on the ongoing government shutdown in the United States. It was trading at 1.1730, a few pips below the highest point this week.