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.
Silver turns more bearish after breaking below the key $60 support level, with weaker inflation expectations and commodity pressure weighing on XAG/USD.
EUR/USD turns sharply bearish after breaking below 1.14, with US Dollar strength, ECB concerns, and a death cross pointing toward 1.12.
The DAX remains under pressure as European economic concerns, Middle East energy risks, and ECB policy uncertainty weigh on sentiment.
Gold remains under bearish pressure after piercing the $4,000 level, with lower inflation expectations and a weak technical setup weighing on XAU/USD.
EUR/USD remains bearish as strong US data and weak European indicators push the pair to an 11-week low within a clear descending channel.
Gold remains under bearish pressure as sellers target the crucial $4,000 support level, with US rate hike bets and tech selloff liquidity needs weighing on XAU/USD.
EUR/GBP remains choppy near the key 0.86 support level, with range-bound trading and a possible rebound toward 0.87 in focus.
CAD/JPY remains under pressure as weaker oil prices, Canadian economic concerns, and yen safety demand push the pair toward key support.
The NASDAQ 100 faces sharp selling pressure after failing above 30,000 again, with traders watching the 50-day EMA and 28,500 support.
Bitcoin remains under pressure as weak risk appetite and market volatility push BTC/USD toward the key $60,000 support level.
AUD/USD falls sharply as US Dollar strength, risk-off sentiment, and commodity weakness pressure the Aussie toward key technical support.
Silver remains under selling pressure as XAG/USD tests the key $60 support level, with a breakdown potentially opening the door toward $50.
USD/JPY remains bullish as interest rate differentials, Bank of Japan policy limits, and strong US Dollar momentum keep the yen under pressure.
EUR/USD turns sharply bearish after breaking below 1.14, with US Dollar strength and interest rate differentials pointing to deeper downside.
USD/CHF continues to strengthen as US Dollar momentum, interest rate differentials, and carry trade support point to a possible long-term breakout.
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