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 German DAX found support near the 50-day EMA on Thursday, with dip buyers stepping in as global equity sentiment continues to turn bullish.
The US dollar is attempting to find support near the key 1.3850 level against the Canadian dollar, with traders eyeing political shifts and tariff developments.
Dogecoin has broken above key resistance, mirroring Bitcoin’s rally, with bullish momentum, ETF optimism, and on-chain activity pointing to a potential 90-day bull run.
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Despite global economic gloom, the IMF upgraded Turkey’s 2025 growth forecast to 2.7%, supporting the lira’s resilience as USD/TRY steadies near key resistance.
After reaching its highest level since 2022, EUR/USD has pulled back near the 1.1300 support zone, with traders watching closely for signs of either trend continuation or reversal.
Gold prices have pulled back from all-time highs near $3500, but technical and macro indicators suggest the bullish trend for XAU/USD remains intact for now.
USD/JPY rebounded from a seven-month low as improved sentiment and easing political tensions supported short-term gains, but bearish pressure still lingers.
The GBP/USD pair is undergoing a healthy pullback from recent highs, but key Fibonacci support levels and an intact bullish trend suggest a potential rebound.
The US dollar rebounded against the Canadian dollar on Wednesday, testing key resistance at 1.3850 amid ongoing tariff tensions and Canadian election risk.
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The US dollar formed a hammer near the 200-day EMA against the Mexican peso, signaling a potential rebound toward the 20.00 MXN level as oversold pressure fades.
The US dollar rebounded against the South African Rand on Wednesday, forming a potential hammer pattern near the 50-day EMA as oversold pressure eases.
The DAX index gapped above the 50-day EMA on Wednesday, signaling bullish momentum with potential upside to €22,500, though headline risk remains high.
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The British pound has broken above the key ¥190 resistance against the yen, opening the door to further gains toward ¥195 if bullish momentum holds.
The US dollar is rebounding against the yen after a brief dip below 140, with a potential long signal forming if USD/JPY closes above 143.
The euro continued to sell off on Wednesday after a parabolic rally, with EUR/USD potentially entering a consolidation phase between 1.12 and 1.15.