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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GBP/USD remains range-bound between 1.2350 and 1.2500, with sellers dominating near resistance and a slight downward bias persisting.
Bitcoin remains range-bound near the 50-Day EMA, with support at $90,000 and potential upside to $110,000 and $130,000 on a breakout.
Silver recovers from early losses, with strong support at $31 and potential upside toward $32.35 and $35, while volatility cautions against short positions.
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EUR/USD rallies on Tuesday but remains bearish below key resistance levels, with 1.03 acting as support and the 1.06 level critical for any sustained upside.
GBP/JPY approaches the critical 190 yen level, with a breakout signaling bullish momentum, while a pullback could target 188 yen support.
NASDAQ 100 stays subdued during Powell's testimony as traders await CPI data, with support at 21,000 and upside potential targeting the 22,000 resistance level.
USD/CHF remains range-bound between 0.90 and 0.92, with a breakout above 0.92 signaling potential moves to 0.95 and parity amid Fed rate uncertainty.
USD/CAD pulls back after early gains, supported by diverging Fed and BoC policies, with strong support at 1.24 and resistance at 1.45 amid trade uncertainties.
EUR/GBP remains under pressure in a downtrend, with support at 0.8250 and resistance at 0.8375, as eurozone growth concerns persist.
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NZD/USD remains range-bound near 0.56500, with choppy trading driven by global uncertainty, cautious Fed rhetoric, and resistance at 0.56700.
AUD/USD recovery remains intact, testing resistance at 0.6290, with bulls eyeing 0.6415 while a drop below 0.6200 signals potential downside.
BTC/USD faces bearish pressure with a double-top pattern pointing to a drop toward 89,000 as inflation concerns and weak demand weigh on Bitcoin.
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GBP/USD stays bearish, trading below the Ichimoku cloud, with key levels at 1.2300 support and 1.2500 resistance amid Fed inflation concerns and BoE rate cuts.
The Euro is one of the stronger major currencies right now, with the US Dollar moving little.
US Dollar strengthens as President Trump decrees new 25% tariffs on steel and aluminium.