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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It's been quite a wild day during the trading session on Tuesday, as we have been all over the place going back and forth in the British pound against the Japanese yen as the market tries to determine risk on or risk off.
The Canadian dollar has fallen significantly during the trading session on Tuesday against the Swiss franc, which does make sense considering that Donald Trump has reiterated the idea of tariffs coming to Canada on March 4th, and nothing has changed in his opinion.
The U.S. dollar has initially fallen a bit against the Mexican peso but has since turned around to show signs of life. By doing so, the market has bounced off of the crucial 50 day EMA, which of course is an indicator that a lot of people will be watching closely.
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The US dollar has gone back and forth during the course of the trading session on Tuesday, as the market is hanging around the 150 yen level, the 150 yen level, of course, is an area that has a certain amount of psychology attached to it as it is a large round psychologically significant figure. But it's also an area that's been important more than once.
Cryptocurrency prices are seeing immense sell pressure as the month of February winds down, hampered by macro factors weighing on the market while traders also grapple with the fallout from the ByBit hack, which saw $1.5 billion flow into the coffers of hackers.
USD/CAD gains as trade tensions rise. Buy signal at 1.4320, target 1.45. Full analysis and key levels.
EUR/USD struggles at 1.05-1.06 resistance. A breakout could target 1.10, while a drop may lead to 1.02.
GBP/CHF struggles in a tight range. Can it break 1.14, or will it drop toward 1.09? Key insights and analysis.
The price is moving in choppy waves and basically ranging, although with a weak bullish bias.
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GBP/USD hits 200-day EMA. Will resistance hold, or can buyers push higher? Key levels and analysis.
The GBP/USD exchange rate held steady near its highest level in two months even as the risk-off sentiment spread in the market. It was trading at 1.2662 on Wednesday morning, up by 4.60% from its lowest level this year.
Bitcoin hits 200-day EMA as risk-off sentiment grows. Can buyers hold this level, or is $74K the next target?
The AUD/USD exchange rate retreated for the third consecutive day after hitting a crucial resistance level last week. This retreat continued as geopolitical risks rose and after the US published a weak consumer confidence report. It moved to a low of 0.6350, a few points below this month’s high of 0.6410.
The BTC/USD pair crashed to the lowest level since November last year as it exited a two-month consolidation. Bitcoin price fell to a low of $85,650, down by over 20% from its highest level this year, meaning that it is now in a bear market.
The USD/SGD is trading near the 1.33925 ratio as of this writing, this after seeing a slight buying trend after producing lows near the 1.33100 mark yesterday.