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
The USD/BRL continues to trade within a known range near 5.8100, with traders watching resistance at 5.8200 and support at 5.8000 ahead of US inflation data.
The Canadian dollar struggles against the Swiss franc amid looming US tariffs, recession fears, and a flight to safety, with key support at the 0.6050 level.
Gold remains in a bullish trend, with a flag pattern signaling potential gains toward $3,300 as trade wars, economic uncertainty, and a softer US dollar drive demand.
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Bitcoin loses momentum, testing the critical $75K support level as traders react to weak adoption signals and market disappointment over the US Crypto Strategic Reserve.
The euro maintains its upward momentum against the US dollar, driven by rising German yields, though overbought conditions signal a potential pullback toward key support at 1.08.
The euro rallied against the Japanese yen on Tuesday, approaching key resistance at ¥162, with potential for further gains as interest rate differentials support euro strength.
The British pound continues its rally against the US dollar, with the 1.30 level in focus as traders watch for a breakout amid Federal Reserve rate cut speculation.
Ethereum remains under pressure, struggling below $2,000, with a potential breakdown toward $1,500 or a breakout offering hope for recovery.
The USD/CAD pair remains volatile, testing the 1.45 resistance level as trade tensions persist, with short-term pullbacks likely presenting buying opportunities.
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The DAX pulls back from early gains as rising interest rates and global recession fears fuel risk-off sentiment, with key support at €22,000.
The USD/RUB extends its decline as financial institutions bet on a potential Ukraine-Russia resolution, pushing the pair toward key support at 86.1000.
Bitcoin stabilizes after recent lows, forming a bullish engulfing pattern that signals potential recovery toward $90,000 amid rising US trade tensions.
AUD/USD holds steady amid US trade tensions and inflation uncertainty, with a megaphone pattern signaling potential gains toward 0.6400.
GBP/USD continues its strong rally amid US-Canada trade tensions, with technical indicators pointing to further gains toward 1.3100.
The US-driven trade war has hit the US Dollar hard, although it has recovered in recent hours to send the price lower.