Despite making strong gains yesterday as risk assets recovered strongly following the Trump administration’s announcement of a 90-day pause on new tariffs above 10%, Bitcoin remains well within a technical downwards trend.
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 rebounds sharply after Trump pauses tariffs, forming a bullish engulfing pattern with eyes on 0.6275 as CPI data looms.
GBP/USD is pushing higher as tariff tensions ease and traders await US inflation data that could influence future Fed rate cuts.
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EUR/USD consolidates after a bullish cup and handle pattern, as traders await US CPI data and digest Trump’s 90-day tariff pause.
The US dollar dropped sharply against the yen, breaking below ¥145 before finding tentative support, as safe-haven demand and risk-off flows dominate.
The Australian dollar is attempting to build a floor near 0.59 despite heavy bearish pressure from global tariff tensions and Chinese trade concerns.
Silver continues to consolidate around $30, with a potential breakout above $31 signaling the start of a sharp bullish move.
Bitcoin once again bounces off the key $75,000 level, signaling strong support as traders await clarity on global risk sentiment and tariff developments.
Gold rallies sharply from the $3000 level and 50-day EMA on Wednesday, reigniting bullish momentum and setting sights on the $3300 target.
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Copper prices soar above $4 after Trump’s tariff pause sparks short covering, though China tensions may cap gains near the $4.50 resistance level.
West Texas Intermediate crude oil rebounds above $60 after Trump pauses global tariffs, though recession fears and China tensions keep pressure on.
The British pound fell back to key support at 1.2750 after Trump’s tariff pause sparked a US dollar rebound, with volatility driven by headlines.
The NASDAQ 100 surged over 11% mid-Wednesday after President Trump paused most global tariffs, excluding China, triggering a massive short-covering rally.
Gold prices remain under pressure near $2980 as traders await key US inflation data and Fed minutes, with strong buying interest expected below $2950.
The EUR/USD pair trades with cautious stability near 1.09 as traders await FOMC minutes for clues on future Fed policy amid global trade tensions.