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
AUD/USD is consolidating near 0.6350, with bullish momentum intact above 0.6300 as traders watch for a move toward 0.6415.
Bitcoin is trading in a tight range, with an ascending triangle pattern suggesting an imminent breakout toward $100,000 or a decline to $90,000.
GBP/USD edged higher after UK inflation data, with technical indicators signaling more upside as traders watch for resistance at 1.2772.
Top Forex Brokers
The Euro is one of the weaker major currencies right now, with the US Dollar gaining against it, pushing the price below lower new resistance levels.
Bitcoin continued to consolidate on Wednesday, trading between key support at $90,000 and resistance at $110,000 as investors await a breakout.
The US Dollar edged higher against the Swiss Franc on Wednesday, finding support at 0.90 as traders eye a potential move toward 0.92.
Ethereum gained slightly on Wednesday, trading within a key support zone, as traders watch for a potential breakout above $2850 to signal further upside.
The US Dollar dipped against the Japanese Yen on Wednesday, encountering resistance at the 200-day EMA while maintaining key support near ¥150.
The US Dollar strengthened against the Canadian Dollar on Wednesday, hovering near 1.42 as traders assess tariff risks and monetary policy differences.
Bonuses & Promotions
The Australian Dollar faced resistance near 0.6350 on Wednesday, with downside risks persisting as US dollar strength and economic factors weigh on the currency.
The British Pound tested 1.14 against the Swiss Franc on Wednesday, with bullish momentum suggesting a possible move toward 1.15 and beyond.
The US Dollar rallied against the Mexican Peso on Wednesday, testing resistance at the 50-day EMA as traders watch economic and trade developments.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The British Pound struggled on Wednesday, caught between key moving averages, as the US Dollar remains strong amid the Fed’s restrictive policy.
Gold retraced some gains on Wednesday but remains in an uptrend, with key support at $2,900 and a long-term target of $3,000.
USD/RUB continues its bearish trend, testing key support at 90.00 as U.S.-Russia peace talks influence market sentiment, with resistance at 91.95 in focus.