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.
NZD/USD is testing major support around 0.55–0.56 and may be due for a short-term bounce. However, we remain bearish and favors selling signs of exhaustion near 0.57, while a break below 0.55 would signal a major technical breach.
EUR/USD remains bearish after breaking a major support level, as concerns over French debt and rising US yields pressure the euro. Short-term rallies may attract sellers, with 1.10 emerging as the next major downside target.
AUD/USD has staged a modest rebound despite a stronger US dollar and weaker iron ore prices. However, bearish technical signals suggest the pair could retreat toward 0.6900.
Bitcoin remains technically bullish after confirming a break-and-retest pattern and holding above key support. A breakout above $87,310 could trigger a move toward $90,000.
EUR/USD has fallen to a 17-month low as European political and debt concerns intensify. Despite oversold conditions, the broader bearish trend could push the pair toward 1.1000.
The AUD/USD has continued its cautious climb higher this week after in-line services PMI data released on Monday increased expectations that U.S. interest rates will remain on hold this month.
The trend is intact, participation across the broader crypto market remains unsettled, and a new category of regulated leverage product now sits closer to the market's edge. Early trading will begin sorting through which of those threads carries the most weight.
The precious metal has seen a rather solid downturn emerge the past month. In recent trading as its speculative short and near-term nature fight with its consistent underlying value which creates dynamic price action for speculators
Silver remains under pressure as US interest rates rebound, but the metal is holding above a major $55–$60 support zone. Buyers could return in this area, although bond-market moves and geopolitical headlines remain key risks.
Copper remains supported above the key $6.50 level as the market trades within an uptrend channel. Chris remains bullish, with $6.40 providing additional support and $7 emerging as the next potential upside target.
The ability of the EUR/USD to essentially nosedive in recent trading is noteworthy. The U.S Federal Reserve did increase its interest rate like the ECB the past month on the 16th of September. But the price direction lower of the EUR/USD underscores other concerns and influences
EUR/USD remains bearish after breaking below the 1.13 level, with French debt concerns overshadowing weaker US jobs data. Sellers continue to control rallies as European energy risks add further pressure to the euro.
WTI crude oil is testing a key support zone around the 50-day EMA, rising trendline and bottom of its trading channel. Buyers have started to emerge, but Middle East headlines could determine the market’s next major move.
Gold remains under pressure as interest rates rebound following the latest US jobs report. Traders are now watching the $4,000 level as a key technical threshold, while energy inflation and Middle East developments add further uncertainty.
Bitcoin Forecast: BTC/USD Tests Key $87,293 Resistance
