The NASDAQ 100 staged a strong recovery on Tuesday, reversing Monday’s losses as traders shifted from panic to positioning ahead of potential trade deal announcements.
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 British pound may face a ceiling at 1.34, with technical signals pointing to a potential pullback toward 1.32 unless a daily close above 1.3450 sparks a breakout.
Crude oil climbed over 2% on Tuesday as oversold conditions, seasonal demand, and technical support at $60 drive momentum toward the key $65 and $72.50 resistance levels.
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The euro’s rally paused near the crucial 1.15 resistance level on Tuesday, as overbought conditions suggest a potential pullback toward 1.12 may be due.
Gold surged above $3,500 in early trading before sharply reversing, with overbought conditions and a resurgent US dollar prompting a potential pullback to $3,300 or $3,200.
AUD/USD retreated from 0.6440 after a bearish engulfing pattern formed and the IMF warned of global slowdown, raising odds of RBA rate cuts.
Bitcoin surged above $91K, driven by safe-haven demand, ETF inflows, and tariff fears, with bulls now targeting the $95K resistance zone.
GBP/USD pulled back from the 1.3427 resistance as rising BoE rate cut odds and weaker growth forecasts pressured the pound ahead of key PMI releases.
EUR/USD trimmed gains after peaking at 1.1575, as easing trade tensions and an IMF growth warning cooled bullish momentum ahead of key PMI data.
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Gold surged to an all-time high of $3500 amid intense market volatility, weak dollar sentiment, and Trump’s attacks on Fed Chair Powell, paving the way to $4000.
EUR/USD pushes to its highest level in over three years, fueled by persistent US dollar weakness and geopolitical uncertainty, with 1.1600 in sight.
The USD/SGD pair continues to slide, trading near 1.3060 as global volatility rises and traders brace for possible retests of key support around 1.3050.
The British pound surged past 1.34 against the US dollar on Monday, but overstretched technicals and market uncertainty suggest a pullback may be near.
Crude oil prices dropped Monday morning, testing key support near $62 as traders watch for a possible bounce off the $60 level or deeper losses ahead.
The NASDAQ 100 plunged another 3% on Monday amid intense market panic and uncertainty surrounding global trade negotiations and U.S. tariff policy.