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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Bitcoin loses momentum after fresh ETF outflows and tighter rate expectations, but BTC/USD remains above key technical support. The bullish structure stays intact while 75,000 holds, with 81,300 still in focus.
GBP/USD retreats from key resistance as hawkish Fed signals boost rate hike expectations. Bears now eye 1.3470, while 1.3652 remains the key resistance level.
AUD/USD Forecast: Channel Breakdown Risk Below 0.7150
EUR/USD extends its pullback after Jackson Hole as Fed hike odds rise, with traders watching 1.1475 support, ECB expectations, inflation data, and PMI releases.
Reports from the Middle East indicate that Oman and Iran may have agreed to allow transit of oil tankers in the waters near the Musanadam Peninsula which is part of the southern coast of the Hormuz Strait. This is important....
Last week, the bullish momentum was evident. This week the picture is messier. The tape still holds, but it has also thinned.
The backdrop for this move hinges on the divergence between market expectations and Federal Reserve messaging. For weeks, traders positioned for US rate cuts starting in the spring, a narrative supported by softening inflation data and Fed communications.
USD/CAD gains amid a stronger US dollar and weaker Canadian dollar, while wheat and soybean futures draw attention after strong technical moves.
Major markets are showing a mix of technical resistance, hesitation and changing positioning as traders reassess rates, risk and key price levels.
After launching to higher terrain early last week, Coffee Arabica rapidly sank in price and went into the weekend around the $311.50 ratio, leaving day traders a decision regarding their next wagers.
Federal Reserve rhetoric this week will crystallize two competing narratives about real yields, and Gold's next directional move hinges on which one wins.
H1: Warsh's Jackson Hole Speech Exposes Dangerous AUD/USD Bullish Trap
NZD/USD holds near 0.5950 support and tests 0.60 resistance as traders watch Jackson Hole, Fed rate expectations, and potential breakout signals.
CHF/JPY holds near 198 yen as traders watch market memory, the 50-day and 200-day EMAs, yen weakness, and Swiss franc relative strength.
AUD/JPY keeps rising as carry trade demand pressures the yen, with traders watching 115 resistance, BOJ intervention risk, and 110 support near the 200-day EMA.
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