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 British pound faces heavy resistance at 1.36, with traders weighing U.S. recession risks against a potential breakout toward 1.38.
Bitcoin remains stuck near $113,000 resistance, with traders weighing Fed rate cut risks against the potential for a grind higher toward $120,000.
AUD/USD slipped back from resistance at 0.6630, with traders cautious on Australia’s reliance on China and renewed U.S. dollar resilience.
Top Forex Brokers
The price is rising from a new support level established at $1.3519, which is likely to be today’s pivotal zone down to the round number at $1.3500.
AUD/USD is consolidating near 0.6585, with technicals favoring a push toward 0.6700 as traders await US inflation data and the Fed’s next move.
BTC/USD is consolidating near $112K, with weak US labor data and looming inflation reports raising the risk of a bearish breakout toward $107K support.
The EUR/USD pair remains bullish despite a pullback, with Fed rate cuts and steady ECB policy likely driving a push toward the 1.200 level.
Gold surged to a record $3,659 per ounce on Tuesday, with Fed rate cut bets keeping XAU/USD bullish toward the $3,700 mark despite overbought signals.
EUR/USD remains bullish above 1.17 as traders eye ECB policy and US inflation data, though resistance at 1.1780–1.1860 could trigger a pullback.
Bonuses & Promotions
The Nasdaq 100 hovers at 23,817 as buyers test resistance near 23,850, with US inflation data set to determine whether record highs can be challenged.
The S&P 500 holds near record highs at 6,511, with resistance at 6,520 in focus ahead of US inflation data that could shape Fed rate cuts.
A decrease in revenues over the past year, shrinking profit margins, rising competition, and negative reactions to Elon Musk’s political meddling create significant headwinds. Will a breakdown ignite a profit-taking sell-off?
Excessive valuations, shareholder value destruction, and issuance of new shares cloud an otherwise bright outlook. Will the head-and-shoulders pattern lead to more downside?
The euro edged higher Monday but stayed locked in its 1.16–1.18 range, with ECB and Fed policy decisions set to drive the next breakout.
Bitcoin gained on Monday but remains capped by the 50-day EMA and $110K, with buyers eyeing $117K–$120K if resistance breaks.