The US dollar gave back early gains against the Swiss franc on Thursday, forming a shooting star near the 0.80 resistance level and signaling possible short-term consolidation.
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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Crude oil soared 6% on Thursday following new Russian sanctions, but analysts caution that strong resistance near $62.50 may cap further gains unless follow-through buying emerges.
The NASDAQ 100 climbed above the key 25,000 level on Thursday, maintaining its bullish trajectory with short-term pullbacks seen as fresh buying opportunities.
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EUR/USD remains under bearish pressure as traders await US inflation data, with support at 1.1570 and resistance near 1.1730 potentially shaping the next move.
Gold (XAU/USD) remains in a bullish trend despite sharp profit-taking, with prices stabilizing near key psychological support at $4,000.
The USD/MYR remains tightly range-bound near 4.2285 as traders await the upcoming Fed decision, with support at 4.2175 and resistance at 4.2315.
The USD/RUB pair is consolidating near 81.19 with reduced volatility, as traders watch for resistance at 82.40 and support at 80.00 in a quiet market environment.
Nvidia stock dropped to its 50-day EMA on Wednesday, with traders watching for a bullish breakout above $185 that could trigger a move toward $198.
The US dollar dipped against the Swiss franc on Wednesday but held firm at the 0.79 level, suggesting a possible short-term bottom as consolidation continues.
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The NASDAQ 100 fell sharply on Wednesday but showed signs of stabilizing near the 25,000 level, as the broader uptrend and key support zones remain in place.
The euro rebounded against the yen on Wednesday, reinforcing a bullish outlook as the pair eyes the ¥178 resistance amid continued Japanese yen weakness.
The DAX remains capped below the crucial €24,500 level, and while a breakout could trigger bullish momentum, the market continues to face significant resistance.
The Dollar/Yen currency pair is rising firmly in line with its long-term bullish trend, and will remain bullish above the big half number at ¥152.50,
Bitcoin rebounded near the 200-day EMA on Wednesday, forming a hammer and signaling potential short-term stability between $100K and $110K amid volatility.
The euro bounced from key support at 1.1550 on Wednesday but remains in a bearish trend, with traders eyeing short-term rallies as selling opportunities.