Copper fell Wednesday as volatility spiked. Watch key support at the 50-day EMA near $4.75 and resistance at $5.00 for signs of direction.
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.
Most Recent
The euro strengthens against the yen on trade optimism and weaker JPY. Key support at ¥165 with pullbacks offering long opportunities in bullish trend.
EUR/USD climbs after softer inflation data, testing resistance at 1.1570. A breakout may lead to 1.1750, while support rests near 1.13 and 1.12.
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GBP/USD consolidates as traders eye key resistance at 1.3650 and support at 1.34. Short-term charts favor range strategies amid US CPI miss.
Gold struggles for direction as trade deal chatter and softer CPI keep markets in flux. Watch for breakout from the $3,200–$3,500 range.
Aussie dollar pauses at 0.6550 amid trade deal hopes and bullish crossover setup. Watch for daily close confirmation and short-term buying zones.
USD/JPY trades below 145 as resistance and 50-day EMA cap gains. Pullbacks to 142 remain buying opportunities amid strong rate differential.
AUD/USD steadies at $0.6500 as golden cross nears. Soft CPI and US-China trade truce support bullish view, but rising wedge suggests caution.
BTC/USD trades just below $110K in bullish setup. Cup-and-handle pattern and ETF inflows suggest a breakout toward $115,000 is within reach.
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GBP/USD tests 1.3555 amid softer US CPI and UK contraction concerns. Bearish wedge pattern suggests potential dip toward 1.3315 support.
EUR/USD breaks higher as US CPI misses expectations. With momentum building, traders watch 1.1600 and ECB commentary for next breakout signal.
DOGE holds steady near $0.19 as traders await breakout confirmation. RSI, MACD, and chart signals suggest recovery potential. $0.21 and $0.25 in focus.
Gold consolidates near $3320 as bulls watch for a breakout. US inflation data and global trade talks could drive momentum toward $3400+.
The euro remains strong above 1.1400 ahead of US CPI data. Technicals support bullish continuation. Goldman Sachs raises long-term EUR/USD target to 1.25.
USD/SGD moves sideways near long-term support at 1.28000. CPI data and US-China tariff talks may determine the next directional breakout.