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 price keeps retreating from resistance, but the longer-term chart shows a bullish squeeze. The price may be ripe for a breakout following the release of US CPI data today.
Bitcoin trades near ATH as institutional demand rises and supply shrinks. BTC/USD technicals point to bullish continuation before US inflation data.
GBP/USD retreats from yearly high as a rising wedge forms. Traders await US CPI and UK data. Discover bearish and bullish trade scenarios.
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The EUR/USD pair hovers near highs as traders await key US CPI data and ECB updates. Explore bullish and bearish scenarios with actionable trade setups.
The DAX index pulled back slightly on Tuesday after a strong rally, with support near 23,600 and a continued bullish outlook targeting the 25,000 euro level.
The Nifty 50 index is consolidating just below key resistance at 25,250, with strong volume support at 24,500 signaling bullish momentum toward all-time highs.
EUR/USD remains bullish above 1.1375 while awaiting key US CPI data and trade talk outcomes, with possible pullbacks to 1.13 seen as buying opportunities.
Gold remains in a cautious uptrend above $3328, supported by US dollar weakness, US-China trade tensions, central bank buying, and technical bullish signals.
USD/ZAR trades near December lows with cautious bearish momentum, as financial institutions await US CPI data to confirm weaker dollar expectations.
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USD/MXN continues its bearish trend near the 19.00000 inflection point, with traders eyeing upcoming US inflation data that could reinforce dollar weakness.
The Swiss franc is poised to break out above ¥177 against the Japanese yen, signaling potential strength to ¥180 and broader yen weakness as Japan’s bond market stumbles.
Ethereum rallied with Bitcoin on Monday, holding key support near $2400 and eyeing a bullish breakout toward $2800–$3200 if Bitcoin breaks above $112,000.
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The US dollar is consolidating after a sharp selloff, with key support between 0.81–0.82 and potential for a bullish reversal if 0.83 breaks to the upside.
Copper rallied 1.11% on Monday, challenging the $5 resistance level within a $4.50–$5.00 range, as traders eye a potential breakout amid growth and inflation optimism.
The Australian dollar continues to rally against the yen, trading within a ¥92–¥96 range as rate differentials and potential Japanese QE support a bullish bias.