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 British pound rebounded strongly against the yen after testing support at the 50-day and 200-day EMAs.
Gold prices dipped on Thursday following an extended rally, as traders took profits after multiple strong sessions.
The US dollar initially plunged against the Japanese yen on Thursday but quickly rebounded as traders reassessed rate expectations.
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Bitcoin declined on Thursday, falling below the 200-day EMA, a key technical level closely watched by traders.
Despite a sharp drop in early Thursday trading, silver remains in a strong uptrend, with key support at $33.33 and potential for a rebound toward $35.
The euro weakens against the US dollar following the Fed’s policy update, with key support at 1.08 determining whether consolidation holds or a deeper reversal begins.
EUR/USD remains in an uptrend but faces resistance at 1.10 as traders assess Fed policy, inflation risks, and Eurozone stimulus impact.
GBP/USD hovers around 1.30 as traders await the BoE decision, with potential for further gains if resistance at 1.3055 is breached, but overbought conditions could trigger a pullback.
USD/JPY experienced volatility after the BoJ held rates steady and the Fed signaled two cuts in 2025, with key resistance at 150.00 and support at 147.70.
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Gold prices reached a historic high of $3,052 per ounce, driven by Federal Reserve rate cut expectations, geopolitical tensions, and a weaker US dollar, raising speculation on further gains.
The German DAX continues to attract buyers on dips, with strong support near 23,000 euros and a long-term target of 25,000 euros.
Natural gas prices remain volatile as seasonal demand fades, with key support at $4 determining whether further declines are ahead.
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The Euro continues to push higher against the Yen, testing a crucial resistance zone near 165 as market uncertainty and BoJ policy decisions fuel volatility.
The FTSE 100 shows resilience, bouncing from support as it eyes a move toward the 9,000 level amid continued market optimism.
The USD/RUB touched new lows on Tuesday of this week, and the currency pair remains within the lower elements of its long-term range as financial institutions continue to bet on optimistic outcomes.