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 bounced against the Swiss franc after dipping to 1.11, with bullish potential building above key EMAs and risk appetite favoring further upside.
The British pound bounced against the Swiss franc after dipping to 1.11, with bullish potential building above key EMAs and risk appetite favoring further upside.
Bitcoin eased slightly on Wednesday, consolidating below the $106K resistance after a sharp 40% rally, with strong support seen at $100K and $96K.
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Gold dropped sharply on Wednesday, breaking below $3200 and testing 50-day EMA support, with traders watching for a bullish signal on a close back above $3200.
The US dollar bounced off the 1.39 level against the Canadian dollar on Wednesday, with momentum building amid stalled US-Canada trade talks and USD resilience.
The euro reversed gains near 1.12 as rising US interest rates and long-term resistance triggered a pullback, with traders eyeing 1.0950 support and 1.13 resistance.
The British pound gave up early gains near the key 1.34 level, with technical resistance, US rate hikes, and repeated rejection patterns signaling potential downside.
The Australian dollar gave back gains on Wednesday, failing at 0.65 as rising US interest rates and Chinese economic uncertainty kept the pair in a sideways range.
The US dollar is showing renewed strength against the Swiss franc as climbing US interest rates and minimal Swiss returns attract buyers near key technical levels.
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The USD/BRL pair is testing key support at 5.6000 as improving U.S.-China trade sentiment strengthens the Brazilian real, though political and fiscal risks remain a wildcard for near-term direction.
Gold remains under bearish pressure as traders test the $3200 support level, but soft US CPI data, ongoing ETF inflows, and safe-haven demand are helping stabilize prices near $3235.
EUR/USD is attempting a rebound from 1.1061, testing the 38.2% Fibonacci level at 1.1189, with short-term bullish signals emerging despite a broader bearish trend and mixed moving average momentum.
The British pound rose sharply on Tuesday, but triple weekly shooting stars and resistance near 1.34 warn of a potential reversal unless a breakout above 1.35 confirms bullish continuation.
Crude oil surged toward the $65 resistance and 50-day EMA on Tuesday, as global demand uncertainty gives way to trade optimism and a potential trend reversal takes shape.
The euro rebounded from the 50-day EMA and key 1.11 support, though failure to reclaim the 1.12–1.13 zone suggests rising downside risk amid broader USD strength.