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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Silver drifted on Wednesday, holding near $33 as traders eye a breakout above $34, with dips likely to attract buyers amid range-bound, cautious sentiment.
Gold prices drifted lower on Wednesday as traders watch $3,280 support and $3,370 resistance, with the US dollar and bond market volatility in focus.
Bitcoin dipped slightly on Wednesday as traders watched $110K support, with broader bullish momentum intact and upside targets at $112K and $120K.
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The US dollar gained ground against the yen on Wednesday, approaching key resistance at 145 with bullish momentum targeting 148 if the 50-day EMA is cleared.
The British pound slipped toward key support at 1.3450 on Wednesday, as dollar strength and prior resistance levels shape short-term GBP/USD direction.
The euro slid below 1.13 on Wednesday, signaling potential bearish momentum as traders watch key support at 1.1250–1.12 and resistance at 1.14–1.15.
The DAX retreated on Wednesday despite its strong bullish trend, as investors eye a potential value-buying opportunity following recent overextension.
Crude oil rallied on Wednesday as strong support near $60 and signs of a basing pattern suggest the market may be bottoming after a sharp selloff.
USD/CAD is testing a key resistance near 1.40 following a 3-bar reversal, but a breakdown below 1.37 could trigger broader USD weakness across FX markets.
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AUD/USD is consolidating near 0.6420 but a breakout above the neckline of an inverse head and shoulders pattern could drive gains toward the 0.6600 level.
Bitcoin hovers above key support in a bullish continuation pattern, as rising ETF inflows and corporate buying point to a breakout toward $113,000.
GBP/USD is in a bullish continuation pattern above 1.3430, with a potential break toward 1.3590 as traders weigh Fed minutes, tariff-driven data, and PCE inflation.
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The EUR/USD pair is forming a bullish inverse head and shoulders pattern near 1.1300 support, with potential for a breakout toward 1.1422 as key US data approaches.
EUR/USD remains in an upward trend, with traders eyeing 1.1420 resistance as Fed minutes and US-EU trade negotiations shape near-term sentiment and price action.
The euro slipped on Tuesday after failing to break 1.14 resistance, as mixed technical signals and tariff concerns raise doubts about sustained bullish momentum.