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 declines amid US tariff concerns and inflation data pressure, with a bearish outlook targeting 1.02 support and parity as a potential long-term goal.
Gold continues its bullish run, reaching $2,912 as trade tensions and global uncertainty drive demand, with $3,000 now a realistic target.
The USD/BRL closed around the 5.7875 ratio yesterday and the currency pair continued to produce a rather tight range showing that financial institutions may be comfortable for the moment.
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GBP/USD remains under pressure from BOE rate cuts, with a potential sell signal below 1.2350 targeting 1.2150 amid ongoing USD strength.
The euro gaps lower, facing resistance at 1.05, as trade tensions and weak fundamentals keep EUR/USD in a downtrend, with parity as a likely target.
The USD/JPY pair hovers near the 200-Day EMA, with support at ¥150 and resistance at ¥155, as bond yields and BOJ inflation worries drive market uncertainty.
Gold powers higher past $2900, with bullish momentum targeting $3000 as global concerns and strong demand continue to support the uptrend.
USD/CAD remains range-bound as tariff uncertainties stall movement, with support at 1.42 and resistance at 1.45 shaping a choppy, headline-driven market.
The Canadian dollar struggles against the yen, facing resistance near 106, as BoC rate cuts, BoJ tightening, and oil market dynamics influence the pair.
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The Aussie dollar rallies after a gap lower but faces strong resistance near 0.63, with downside risks tied to China's weak economic performance.
The British pound remains under pressure against the Japanese yen amid BOE rate cuts and BOJ tightening speculation, with resistance at 190 and support at 185.
The New Zealand dollar struggles against the US dollar, pressured by trade war concerns, weak Asian markets, and resistance at 0.58.
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The US dollar strengthens against the Mexican peso amid tariff threats and Mexico’s economic struggles, with support at 20 pesos and resistance at 21.
The USD/SGD remains in a tight range near 1.35510 as markets navigate tariff concerns, inflation fears, and resistance near 1.35570.
BTC/USD remains in a tight range near $97,323, with traders eyeing Powell’s testimony and inflation data for potential breakout catalysts.