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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EUR/USD remains stable near 1.0528 as market focus shifts to the ECB’s upcoming policy decision, German economic uncertainty, and US dollar resilience.
Gold prices decline from record highs, but support near $2,864 could spark renewed buying as economic uncertainty and inflation concerns drive safe-haven demand.
The British pound surges to 1.2715 against the US dollar amid rising expectations of Fed rate cuts, with traders eyeing key US economic data for further moves.
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USD/JPY remains near 149.30, with the yen stabilizing amid strong inflation data, while traders watch upcoming US economic releases for market direction.
The USD/MYR pair sees modest gains, maintaining a stable trading range near 4.4405, as investors assess U.S. economic data and ongoing tariff concerns.
The USD/ILS pair continues to trade within its mid-term range, with resistance near 3.57000 and support around 3.55000, as traders monitor economic stability and geopolitical factors.
The USD/CAD pair rallies as trade tensions between the US and Canada escalate, with a potential breakout above 1.44 paving the way for a move toward 1.45.
The British pound is testing key resistance at the 200-day EMA and 1.2750, with a breakout signaling bullish momentum, while a drop below 1.26 could spark renewed US dollar strength.
The USD/CHF pair remains between key technical levels, with the 200-day EMA providing support and resistance at 0.92, as traders assess US interest rate trends and Swiss National Bank policy.
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Gold continues to consolidate after recent gains, with key support at $2900 and $2850, while traders eye the $3000 level as a potential resistance point.
Bitcoin's price plunged on Wednesday, approaching the 200-day EMA, with concerns over risk appetite and economic slowdowns potentially driving it toward the $74,000 support level.
The British Pound is attempting to rally against the Swiss Franc, with support from the 50-day EMA, as traders watch the crucial 1.14 resistance for a potential breakout toward 1.16.
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The NASDAQ 100 is holding support at 21,000, with traders eyeing a potential breakout above the 50-day EMA at 21,500, especially ahead of Nvidia’s earnings report.
Silver rallied on Wednesday, finding support at the 50-day EMA, with key resistance at $32.35 and a potential upside target of $35 if momentum builds.
Bitcoin dropped to a 3-month low near $81,756 but rebounded strongly, with key resistance levels at $87,972 and $91,250 likely to determine the next move.