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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Bitcoin has been recovering in line with other risky assets but is failing to break above key resistance as President Trump declares new automobile tariffs. Markets are waiting to see Trump’s full tariff plan on 2nd April next week.
The GBP/USD pair dropped as soft UK inflation data increased BoE rate cut expectations, with traders now watching key US economic data for further cues.
The EUR/USD pair continues its slide ahead of major US and European inflation data, with technical indicators suggesting a possible bullish reversal soon.
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The EUR/USD pair is searching for support near the 1.08 level, with recent indecision pointing to potential consolidation or a breakdown toward 1.07.
Crude oil rallied strongly on Wednesday, breaking above key technical levels as support at $67 held firm and seasonal demand boosted bullish momentum.
The US dollar continues to consolidate against the Swiss franc, with technical signals suggesting a potential bottom forming near the 0.8750 support level.
Natural gas prices stalled at the 50-day EMA amid seasonal and economic headwinds, with traders eyeing potential declines toward $3.50 as demand eases.
The euro pulls back against the Swiss franc amid risk-off moves, but 0.95 support may trigger a rebound toward 0.9650 as euro strength and SNB policy favor upside.
Despite a sharp drop in the DAX during Wednesday’s session, the broader uptrend remains intact, with traders eyeing support near 22,500 EUR for dip-buying.
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Bitcoin continues to consolidate between the 50-day and 200-day EMAs, with $90,000 acting as major resistance and $75,000 likely forming the market’s floor.
The British pound fell against the US dollar but found support near 1.2850, hinting at a continued consolidation within its recent trading range.
Silver pulled back during a volatile Wednesday session, but strong support levels and bullish sentiment suggest buyers remain in control.
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The EUR/USD pair has broken below key support at 1.0800, with bears targeting 1.0760 amid tariff concerns and weak US confidence data.
Gold remains in a strong uptrend above the $3000 level as traders anticipate April 2 US tariff developments, with resistance targets at $3038, $3045, and $3078.
Copper soared to a record high above 5.33 as persistent buying and tariff-related speculation continue driving volatility and bullish sentiment in the market.