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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The US dollar continues to strengthen against the Canadian dollar after the Bank of Canada cut rates while the Federal Reserve maintained a hawkish stance.
Silver remains stuck below the $31 resistance level, with traders awaiting a breakout or potential decline amid Fed hawkishness and market uncertainty.
The EUR/USD pair declines to 1.0413 as traders anticipate the Fed’s rate decision, US GDP data, and potential ECB policy shifts in the coming days.
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Gold prices recover to $2,766 as investors await the Fed decision and rising US tariff concerns, with bullish momentum eyeing a breakout above $2,800.
Ethereum remains stable above $3,000, with key support from the 200-day EMA, as traders watch for a breakout above $3,350 toward $3,600.
The British Pound grinds against the Japanese Yen, with 195 acting as resistance and 190 providing support, as traders await a breakout toward 200.
The Nifty 50 shows signs of stabilization near 22,500, but inflation concerns and a potential death cross suggest caution as traders assess a possible rebound.
The euro trades sideways against the yen, hovering near key moving averages, as traders await the ECB’s rate decision for a potential breakout above 165 or support at 160.
The German DAX remains bullish as investors anticipate an ECB rate cut, with strong momentum and key support at 21,000 fueling further upside potential.
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The NZD/USD hovers near 0.56500 as market caution prevails ahead of the Fed's policy statement, with potential volatility driven by U.S. interest rate expectations.
The launch of DeepSeek R1 rattles the AI industry, causing Nvidia to plunge 17% while Meta reaches record highs, raising questions about AI investment efficiency and market valuations.
FTSE 100 stabilizes in a consolidation phase near 8500 support, with technical signals pointing to a potential breakout above 8600 and long-term upside toward 9000.
Bitcoin finds support near $100K after Monday’s plunge, with traders watching for a breakout above $110K or potential volatility from the Fed decision.
The price action is printing successively lower resistance levels, showing that there is increasing selling pressure in the market, although the potential downside may be limited.
USD/JPY rallies as interest rate differentials favor the dollar, with traders watching ¥156.50 resistance and potential gains toward ¥160 amid Fed policy expectations.