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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BTC/USD hovers near $95,600, with a double-top and triangle pattern suggesting a potential bearish breakdown toward 89,200 in the coming days.
Markets are seeing a continuation of these same themes: worry over tariffs and persistent inflation, broken by periods of risk-on bullishness which has pushed US stock markets and a few commodities to new highs, punctuated by deep pullbacks.
The GBP/USD went into this weekend near the 1.26307 ratio and has managed to hold onto the higher elements of its one month technical price range, this as risk events are certainly ahead.
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The price for Coffee Arabica delivered more wagering adventures last week, early volatility turned into a retest of highs, followed by strong selling which saw the 400.00 level become vulnerable.
After a week which saw WTI Crude Oil see a push upwards starting on Monday and extending to highs on Thursday, the commodity then reversed lower and pushed beneath 70.000 USD for the first time since late December.
Markets fluctuate: EUR/USD volatile, gold eyes $3000, USD/JPY falls. Full weekly analysis inside.
GBP/JPY remains volatile after breaking below 190, with traders eyeing a potential rebound or further declines toward key support at 185.
AUD/NZD remained volatile on Thursday, holding above 1.11 as the uptrend persists, with traders using the pair for broader forex positioning.
Bitcoin remains in an accumulation phase, holding above the 50-day EMA as buyers step in on dips, with a breakout above $100K potentially triggering a move to $106K.
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CAD/CHF pulled back from the 0.64 resistance level, with traders monitoring the 50-day EMA for potential support amid ongoing market uncertainty.
Ethereum saw slight gains on Thursday but remains range-bound below $2,800, with support at $2,600 and Bitcoin’s momentum likely to influence its next move.
EUR/USD climbed toward 1.05, testing key resistance amid shifting US interest rate expectations and hopes for a milder trade conflict.
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USD/CAD remains range-bound near 1.42, with traders awaiting trade deal clarity and economic developments while the broader uptrend holds.
USD/CHF plunged toward the key 0.90 support level, with traders eyeing a potential breakdown or recovery amid broader US dollar weakness.