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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Gold remains under bearish pressure as traders test the $3200 support level, but soft US CPI data, ongoing ETF inflows, and safe-haven demand are helping stabilize prices near $3235.
EUR/USD is attempting a rebound from 1.1061, testing the 38.2% Fibonacci level at 1.1189, with short-term bullish signals emerging despite a broader bearish trend and mixed moving average momentum.
The British pound rose sharply on Tuesday, but triple weekly shooting stars and resistance near 1.34 warn of a potential reversal unless a breakout above 1.35 confirms bullish continuation.
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Crude oil surged toward the $65 resistance and 50-day EMA on Tuesday, as global demand uncertainty gives way to trade optimism and a potential trend reversal takes shape.
The euro rebounded from the 50-day EMA and key 1.11 support, though failure to reclaim the 1.12–1.13 zone suggests rising downside risk amid broader USD strength.
The DAX hovered above €23,500 on Tuesday as the index consolidates recent gains, with strong technical support at €22,500 and euro softness supporting further upside potential.
Gold bounces off $3200 as 50-day EMA converges with support; bullish momentum builds on USD weakness and central bank demand.
The US dollar slipped against the Swiss franc on Tuesday, testing key support at 0.84 after failing at the 50-day EMA, with traders watching 0.8550 resistance amid shifting risk sentiment.
USD/CAD reversed Tuesday after testing the 200-day EMA, with 1.3750 offering near-term support as the pair consolidates in a range amid lingering US-Canada trade uncertainty.
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The US dollar eased against the yen on Tuesday but remains supported above 145, with a strong triple bottom at 140 and a bullish outlook toward the 150 resistance zone.
The Australian dollar surged on Tuesday following softer US CPI data, with traders watching the 0.65 level as a key breakout point amid optimism over US-China trade progress.
The British pound bounced from key support at ¥195 against the yen and is poised to test ¥198–¥200, with short-term pullbacks offering buying opportunities amid a bullish outlook.
USD/ILS trades in a narrow range near 3.558 with limited volatility and low liquidity, as traders look for small technical opportunities amid stable fundamentals and political caution.
Bitcoin soared past $105K amid ETF inflows and business accumulation, while Ethereum’s rally and declining dominance signal a potential altseason ahead.
Yesterday saw the Euro continue to rise after making a strong bounce against the Dollar from a medium term low and key support on Monday.