Silver remains under heavy selling pressure as its usual rate correlation breaks down, leaving $60 as the next major downside level.
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
USD/JPY remains firmly bullish above 160.00, with traders watching the historic 160.50 resistance area for a potential breakout toward 165.00.
Bitcoin weakens toward the $60K zone amid ETF outflows and macro pressure, while Canton (CC) shows resilience and relative strength.
Top Regulated Brokers
During yesterday's trading session (Tuesday), gold prices declined by 1.61%, with losses extending to the support level of $4236 per ounce, nearing their lowest
The EUR/USD forecast remains tilted toward the negative side as the pair continues to trade below the downward trendline. This comes at a time when investors
Technical analysis of USD/SGD with key levels, trend direction, and outlook.
Technical analysis of USD/BRL with key levels, trend direction, and outlook.
Fortinet (NASDAQ:FTNT) stock signal, a fundamental snapshot, and a technical view on where its share price is heading.
The EUR/USD currency pair has been slowly climbing higher over the past few days.
Bonuses & Promotions
Platinum is showing significant technical weakness as prices diverge from falling yields, putting the key $1,700 support level under pressure.
Gold is showing bearish pressure after failing at the 200-day EMA, with falling yields no longer supporting prices and $4,100 now in focus.
Bitcoin remains bearish as risk-off sentiment, ETF outflows, and weak technical momentum keep sellers focused on the $55,000 support zone.
AUD/USD remains bearish as rising US yields, risk-off sentiment, and a bearish flag pattern keep sellers focused on 0.6900.
GBP/USD is attempting a bullish recovery after forming a double-bottom pattern, though upcoming US CPI and UK GDP data could determine whether gains continue.
NZD/USD is struggling to build momentum as higher US yields and concerns about global growth continue to favor the US dollar.