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 USD/CAD pair remains volatile, testing the 1.45 resistance level as trade tensions persist, with short-term pullbacks likely presenting buying opportunities.
The DAX pulls back from early gains as rising interest rates and global recession fears fuel risk-off sentiment, with key support at €22,000.
The USD/RUB extends its decline as financial institutions bet on a potential Ukraine-Russia resolution, pushing the pair toward key support at 86.1000.
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Bitcoin stabilizes after recent lows, forming a bullish engulfing pattern that signals potential recovery toward $90,000 amid rising US trade tensions.
AUD/USD holds steady amid US trade tensions and inflation uncertainty, with a megaphone pattern signaling potential gains toward 0.6400.
GBP/USD continues its strong rally amid US-Canada trade tensions, with technical indicators pointing to further gains toward 1.3100.
The US-driven trade war has hit the US Dollar hard, although it has recovered in recent hours to send the price lower.
Gold prices retreat amid profit-taking, yet the overall uptrend remains intact, with traders eyeing $2955 and $2978 as key resistance levels.
EUR/USD remains neutral after strong gains, with overbought signals and upcoming US inflation data likely to determine its next move.
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The US Dollar is showing renewed weakness on plunging US stock markets and new tariffs with no end in sight, pushing the price higher above pivotal resistance.
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 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.
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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.
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.