Bitcoin’s (BTC) recent price action is leaving traders with fewer reasons to dismiss the possibility of another leg lower.
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
Silver at Its 200-Day EMA: What Is Holding It Back?
EUR/ZAR rebounds near 18.60 as German yields rise, but negative carry, 50-day EMA resistance, rand strength, and selling pressure limit upside.
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AUD/USD continues its slow bullish grind as RBA rate hike expectations, commodity exposure, 50-day EMA support, and dip-buying demand support the Aussie.
CAD/CHF struggles near 0.5850 but remains supported by widening rate spreads, Golden Cross momentum, Swiss franc weakness, and crude oil volatility.
USD/JPY remains bullish as carry trade demand, 200-day EMA support, dip-buying flows, and Japan’s debt burden continue to favor the Dollar.
USD/MXN Nears 17.00: Why the Downward Momentum Matters
GBP/CHF tests the 1.10 level as carry trade momentum, UK rate advantages, Swiss zero-rate policy, and dip-buying support keep the Pound bid.
USD/CHF remains choppy as carry trade demand, dip-buying interest, Middle East headline risks, and a rounded bottom setup shape the outlook.
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The AUD/USD exchange rate continued its recent uptrend, reaching its highest level since June 5, and 3.30% above its lowest level in July.
Bitcoin price has remained on edge this month as demand among investors has waned amid the ongoing stock market rally.
EUR/USD extends its rebound after weak US data as Fed expectations, European inflation, FOMC minutes, and a bullish flag setup support further gains.
Meta Title: WTI Crude Oil: Are Traders Watching Fear Instead of Supply?Meta Description: WTI Crude Oil remains calm in a known price realm as US-Iran tension persists, while large players watch supply routes and the risk of a sudden sentiment shift.
The crypto market ended the week with breadth clearly negative and aggregate weight unchanged. The number of tokens ending the week in the green remained well below those in the red despite a partial afternoon recovery on Friday
The EUR/USD market has been noisy, sideways, and uncertain, but that does not mean it has been directionless. The euro is beginning to show a little more positive momentum, and the pair is pressing into an area that has repeatedly made traders hesitate.