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 finds support at 1.4350 as traders eye Canadian economic challenges and upcoming central bank decisions, with bullish momentum favoring the US dollar.
The US dollar continues to show strength against the Swiss franc, holding above the 0.90 level, as SNB rate cuts and EU economic weakness drive demand for USD.
The Turkish lira continues its decline to record lows against the US dollar, driven by interest rate cuts and economic concerns, with traders monitoring key resistance at 35.75.
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The EUR/USD pair consolidates near 1.0490, with traders adopting a cautious stance ahead of critical Fed and ECB policy announcements and key economic data releases.
The USD/JPY pair fell following the BOJ’s rate hike, with traders watching support at 154.90 and resistance at 156.80 as focus shifts to the upcoming US Fed announcement.
GBP/USD climbed to 1.2501 after better-than-expected UK economic data, but lingering economic concerns and expected BoE rate cuts may cap further upside.
Gold prices are approaching the critical $2800 resistance level, driven by inflation concerns and a weakening US dollar, with analysts forecasting further gains toward $3000.
The USD/MXN surged in early trading amid renewed tariff threats from the U.S., with market sentiment turning cautious and traders anticipating heightened volatility.
The USD/ZAR remains range-bound near 18.56900, with recent gains fueled by economic concerns in South Africa and upcoming U.S. economic policy announcements.
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The British pound surged following stronger-than-expected UK PMI data, approaching key resistance at 1.25, with traders watching for potential exhaustion signals.
The US dollar remains range-bound against the Swiss franc, testing key support at 0.90 while traders watch for a potential breakout toward 0.92.
The British pound surged against the Japanese yen following strong UK PMI data, with traders eyeing resistance at 195 and potential consolidation within the 190-200 range.
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Gold continues its upward momentum, with strong support at $2,700 and potential for a breakout above $2,800, driven by global uncertainty and a softer US dollar.
The Euro surged following Trump’s call for rate cuts, but resistance at 1.06 looms large, with traders remaining cautious amid broader bearish trends.
The FTSE 100 has pulled back to the key 8500 level, with strong support extending to 8400, as traders assess the market's bullish outlook amid recent gains.