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 Australian dollar reversed early gains Thursday, trapped in a consolidating range between 0.6350 and 0.65 as global sentiment and China’s outlook drive uncertainty.
Bitcoin remains bullish as buyers defend the $100K support level, with repeated hammer patterns suggesting a breakout toward $110K could be imminent.
Gold rebounded sharply from key support at the 50-day EMA, signaling potential for a breakout toward $3400 as bullish momentum and central bank demand return.
Top Forex Brokers
Crude oil remains volatile and pressured by oversupply concerns and resistance near the 50-day EMA, with key support at $60 and resistance at $65 shaping the outlook.
The Turkish Lira continues its sharp depreciation against the US Dollar, with USD/TRY trading in a bearish channel and testing new historical support levels.
EUR/USD is stuck in a tight range as traders await pivotal US and Eurozone data, with price direction hinging on whether 1.10 holds or 1.13 breaks.
Gold prices have pulled back sharply as risk appetite rises and dollar strength continues, with XAU/USD potentially retesting $3,000 before any bullish recovery.
Shiba Inu (SHIB) has pulled back from recent highs but is showing signs that the correction may be short-lived.
The Forex market generally is lacking direction, and this currency pair is no exception.
Bonuses & Promotions
The NZD/USD hovers near 0.58875 amid shifting institutional sentiment, with traders eyeing 0.58800 as key support and 0.59400 as a potential short-term rebound target.
Markets are mostly flat ahead of US economic data releases, with fading trade optimism, AUD/JPY volatility, and Bitcoin showing signs of a bearish reversal.
Bitcoin remains bullish across timeframes, with a breakout above $108,250 confirming cup-and-handle and double-bottom patterns that could fuel a rally toward $140,000.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The GBP/USD pair is forming a bullish cup and handle alongside a flag pattern, suggesting a potential breakout toward 1.3435 if upcoming UK and US data support momentum.
The EUR/USD pair maintains a bullish structure ahead of key economic releases and Powell's statement, with a potential move toward 1.1300 if 1.1090 support holds.
Silver dropped sharply on Wednesday, pressured by surging US interest rates and weak industrial sentiment, as the market tests support near the $32 consolidation floor.