Copper remains bullish near crucial $6.90 resistance. A confirmed breakout could target $7, while $6.50–$6.55 remains the key pullback support zone.
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/JPY remains a buy-on-dips market while holding above 178. A sustained move higher could target 182, while a break below 178 would weaken the bullish setup.
USD/CHF remains bullish after forming a hammer near support. A break above 0.8250 could open the way toward 0.8300, while 0.8150 remains key support.
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AUD/JPY remains supported above 110 while testing 112 and the 50-day EMA. A sustained break higher could reopen the way toward the top of the 110–115 range.
NZD/USD remains bearish near key 0.5700 support after a 50-day/200-day EMA death cross. A break below could target 0.5650, while 0.5750 is near-term resistance.
GBP/USD Signal: Bearish Below 1.3300 | DailyForex
AUD/USD remains under pressure as the US Dollar steadies, with Australian jobs data, the RBA decision, Trump-Xi talks, and bearish chart patterns in focus.
BTC/USD holds near its highest level since January as Bitcoin ETF inflows, rising futures interest, lower oil prices, and bullish chart patterns support momentum.
EUR/USD extends its decline as Fed hike expectations, US Dollar strength, falling oil prices, and upcoming US and Eurozone PMI data keep sellers in control.
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Metatitle: EUR/USD Is Losing Ground, but the Bigger Question Is Still AheadH1: EUR/USD Faces Pressure as Dollar Support HoldsMeta description: EUR/USD remains under pressure as Fed hawkishness supports the dollar, while Europe’s energy outlook and risk appetite shape the next mov
NZD/USD remains under pressure near crucial 0.57 support. A bounce could target 0.58, but rallies may face selling pressure while the broader bearish trend persists.
GBP/AUD remains bearish near key 1.87 support. A sustained break below this level could expose 1.86, while rallies toward 1.90 may face selling pressure.
The USD/ZAR has correlated with the broad Forex market, but the South African Rand has also demonstrated rather distinctive resilience the past few trading sessions as financial institutions may be showing signs their outlooks remains focused on a lower trajectory for the currency pair.
EUR/CHF remains in a long-term uptrend despite the latest pullback. The 0.94 level is key support, while a break above 0.95 could trigger further gains.
Copper remains bullish after testing $6.85, with $7 the next key resistance level. Pullbacks toward $6.50 could attract buyers as supply concerns persist.