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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NZD/USD remains range-bound near 0.56500, with choppy trading driven by global uncertainty, cautious Fed rhetoric, and resistance at 0.56700.
AUD/USD recovery remains intact, testing resistance at 0.6290, with bulls eyeing 0.6415 while a drop below 0.6200 signals potential downside.
BTC/USD faces bearish pressure with a double-top pattern pointing to a drop toward 89,000 as inflation concerns and weak demand weigh on Bitcoin.
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GBP/USD stays bearish, trading below the Ichimoku cloud, with key levels at 1.2300 support and 1.2500 resistance amid Fed inflation concerns and BoE rate cuts.
The Euro is one of the stronger major currencies right now, with the US Dollar moving little.
US Dollar strengthens as President Trump decrees new 25% tariffs on steel and aluminium.
EUR/USD declines amid US tariff concerns and inflation data pressure, with a bearish outlook targeting 1.02 support and parity as a potential long-term goal.
Gold continues its bullish run, reaching $2,912 as trade tensions and global uncertainty drive demand, with $3,000 now a realistic target.
The USD/BRL closed around the 5.7875 ratio yesterday and the currency pair continued to produce a rather tight range showing that financial institutions may be comfortable for the moment.
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GBP/USD remains under pressure from BOE rate cuts, with a potential sell signal below 1.2350 targeting 1.2150 amid ongoing USD strength.
The euro gaps lower, facing resistance at 1.05, as trade tensions and weak fundamentals keep EUR/USD in a downtrend, with parity as a likely target.
The USD/JPY pair hovers near the 200-Day EMA, with support at ¥150 and resistance at ¥155, as bond yields and BOJ inflation worries drive market uncertainty.
Gold powers higher past $2900, with bullish momentum targeting $3000 as global concerns and strong demand continue to support the uptrend.
USD/CAD remains range-bound as tariff uncertainties stall movement, with support at 1.42 and resistance at 1.45 shaping a choppy, headline-driven market.
The Canadian dollar struggles against the yen, facing resistance near 106, as BoC rate cuts, BoJ tightening, and oil market dynamics influence the pair.