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 USD/MYR remains tightly range-bound near 4.2345, reflecting institutional calm as traders await key US data and developments in US-China trade talks.
Support level at $1.3543 looks very pivotal. If it holds, we will probably see the price make a new 3-year high and possibly rise as far as $1.3663.
The US dollar fell against the Swiss franc after disappointing ADP job data and ISM PMI figures fueled speculation about a potential Fed rate cut.
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The US dollar fell against the yen but remained above key support at ¥142, as weak US data battles strong interest rate differentials and Japan's bond troubles.
Gold continues its bullish trend as buyers step in on dips, with strong support above $3200 suggesting a potential rally toward the $3500 resistance zone.
The German DAX gapped higher on Wednesday and maintained its gains, with a potential breakout above €24,300 setting the stage for a rally toward €25,000.
The NASDAQ 100 continues its upward grind amid weak jobs and services data, as traders anticipate a potential breakout above the 22,000 resistance level.
The USD/MXN pair continues its slow decline amid weak US data and technical bearishness, with the 19.00 level acting as key support in the face of rate differentials.
Despite a sharp Wednesday drop driven by broader risk-off sentiment, the GBP/JPY pair remains bullish overall, supported by strong carry trade dynamics and technical support.
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The US dollar slid against the Canadian dollar on Wednesday as disappointing US economic data pressured the greenback ahead of key jobs reports from both countries.
Bitcoin is consolidating around $105K as traders gauge whether the recent rally will continue or pause within a $100K–$110K range before the next breakout.
Silver remains stuck below key resistance at $35.50 following Monday’s rally, with traders eyeing economic cues and potential pullbacks as buying opportunities.
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The AUD/USD remains range-bound near 0.6500 as mixed US and Australian data suggest slowing growth, with potential for a bullish breakout if sentiment shifts.
Bitcoin is consolidating within a bullish technical setup as institutional demand surges, with eyes on $110K pending a breakout from the current tight range.
EUR/USD remains bullish ahead of the ECB decision, driven by tariff tensions and soft US job data, with technical signals pointing toward a potential breakout to 1.1570.