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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Ethereum shows signs of stability near $2,300, but further downside remains possible, especially if Bitcoin continues its selloff.
The euro continues to trade within a defined range against the yen, with ¥155 as strong support and ¥165 as resistance, amid uncertain risk sentiment.
The British pound struggles near the 200-day EMA, with further downside likely unless it breaks above 1.2750, signaling a bullish reversal.
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The USD/JPY pair is testing the critical 150 level, with a breakout above 151 signaling further upside as traders focus on interest rate differentials and Fed policy.
Bitcoin’s weak bounce hints at further declines, with $74K as a key support level, as market panic and Fed rate uncertainty drive risk-off sentiment.
The S&P 500 hovers near 6,000, with a breakout targeting 6,125, while support at 5,900 holds amid earnings season and ongoing market uncertainty.
USD/CAD rallies sharply despite Trump's tariff extension, with 1.45 as key resistance and 1.43 potentially acting as support on any short-term pullback.
The Euro drops sharply below key support, targeting 1.04, as US GDP data reinforces USD strength, keeping EUR/USD within its established trading range.
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Avalanche (AVAX) has been on a downward trend this week, with its price at around $22 today, down 5.86% this week. This comes after a wider crypto market decline and an uptick in whale activity.
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The Turkish Lira continues its decline as US monetary policy divergence, economic slowdown, and inflation concerns drive USD/TRY toward new highs.
EUR/USD remains stable near 1.0528 as market focus shifts to the ECB’s upcoming policy decision, German economic uncertainty, and US dollar resilience.
Gold prices decline from record highs, but support near $2,864 could spark renewed buying as economic uncertainty and inflation concerns drive safe-haven demand.
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The British pound surges to 1.2715 against the US dollar amid rising expectations of Fed rate cuts, with traders eyeing key US economic data for further moves.
USD/JPY remains near 149.30, with the yen stabilizing amid strong inflation data, while traders watch upcoming US economic releases for market direction.
The USD/MYR pair sees modest gains, maintaining a stable trading range near 4.4405, as investors assess U.S. economic data and ongoing tariff concerns.