USD/JPY buyers defend short-term dips as carry trade demand keeps the dollar supported, with traders watching 160 resistance and a possible move toward 162.
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 rises to its highest level since May as traders watch Fed guidance, US jobless claims, RBA minutes, and a bullish target near 0.7280.
BTC/USD slips after forming a shooting star candle, with traders watching profit-taking, US PCE data, Jackson Hole guidance, and 70,000 support.
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EUR/USD pulls back ahead of Jackson Hole as traders weigh US GDP, PCE inflation, Fed guidance, and a potential bullish breakout toward 1.1800.
GBP/USD Forecast: Bearish Reversal Puts 1.3600 in Focus
Bitcoin whale wallets (addresses holding 1,000+ BTC) have added over 122,000 BTC in the past four weeks, according to CryptoQuant, a level that mirrors accumulation behavior observed in March 2024 before a 22% rally.
The USD/CAD trade hinges on two catalysts: first, the tariff negotiation timeline between the US and Canada, which has no set resolution date and shows signs of prolonging beyond consensus expectations; second, the divergence between Fed rate expectations and BoC easing.
...shifting sentiment and supply has proven to be enough via the Hormuz Strait and other global oil production and logistical operations to cause a rather steep reduction in WTI Crude Oil prices the past few days.
AUD/USD maintains a constructive structure as markets assess Australian inflation, US PCE data and key technical levels around the currency pair.
Bonuses & Promotions
GBP/USD maintains a constructive structure as investors assess US inflation, growth and fresh signals on the Federal Reserve’s policy outlook.
Bitcoin remains resilient as sentiment improves. ETF flows, exchange balances, accumulation and key technical levels are shaping market attention.
EUR/USD retains a constructive technical structure, while traders assess upcoming inflation, growth and central-bank signals.
EUR/JPY remains bullish as yen carry trade momentum supports the euro, with traders watching 185 support, the 50-day EMA, and 187.50 resistance.
GBP/CHF remains supported by carry trade demand, with traders watching 1.10 breakout confirmation, 1.09 support, and a potential move toward 1.1250.
EUR/CHF rises as carry trade demand supports the euro, with traders watching ECB rate hike expectations, lower oil prices, and 0.93 support.