Bitcoin continues its sharp decline, falling below key support at $78,500, with technical indicators suggesting further downside as a potential death cross forms.
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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The GBP/USD pair continues its strong rally, reaching 1.2925 amid a weaker US dollar, though a temporary pullback to 1.2700 could precede further gains.
The EUR/USD pair extends its bullish momentum, reaching 1.0900 amid a weakening US dollar and recession fears, with traders eyeing US inflation data for further direction.
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The Australian dollar failed to sustain early gains, struggling against risk-off sentiment and global trade uncertainties, with key resistance at 0.64 and support at 0.62.
The DAX tumbled over €500 on Monday, approaching key support at €22,000, with traders watching for a potential bounce or deeper correction amid changing market sentiment.
GBP/USD faces strong resistance near 1.30, with a potential pullback looming as the market shows signs of hesitation.
The S&P 500 plunges below the 200-day EMA, with bearish momentum driven by recession fears and macroeconomic uncertainty, raising questions about further downside.
The Canadian dollar threatens to break below ¥102 against the yen, with trade tensions and Japan’s tightening policy fueling bearish momentum.
The EUR/CHF pair found strong support at 0.95, triggering a potential buy signal as risk appetite improves and technical indicators point to further upside.
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The Turkish Lira remains stable despite another rate cut by the central bank, as President Erdoğan supports the decision, with USD/TRY maintaining its bullish trend toward 36.75.
Gold prices continue their upward momentum toward $3000, driven by a weaker US dollar, geopolitical tensions, and rising central bank purchases, with investors eyeing US inflation data for further direction.
The EUR/USD pair continues its bullish momentum, reaching a 4-month high amid US dollar weakness driven by Trump's tariffs and economic uncertainty.
GBP/USD gains momentum toward 1.30 as US dollar weakness persists due to tariff concerns and rising rate cut expectations.
USD/JPY falls to a 5-month low as yen strength continues, with traders watching key support levels for potential buy opportunities.
Silver plunges after weak US jobs data, fueling concerns over industrial demand, with traders watching key support levels at $31.50 and $31.