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 euro has been a little bullish against the Swiss franc during the trading session on Wednesday.
The US dollar has gotten hammered over the last couple of days against the Japanese yen, and has struggled against most currencies around the world.
AUD/USD remains bearish, with a flag pattern suggesting a move toward 0.6400 as inflation concerns and trade fears persist.
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The BTC/USD pair rose to over 67,000 on Thursday morning, up from this week’s low of 90,570. It has jumped by almost 100% from its August low.
EUR/USD rebounds to 1.0575 on mixed US data and Fed caution. Key levels: bullish above 1.0600 targeting 1.0740, bearish below 1.0400 with support at 1.0337.
After rising to new long-term highs, we have seen a firm decline in the US Dollar over the past two days, but it is not clear how much longer this will continue.
USD/PHP hits resistance at 59 PHP amid short-term dollar weakness, with a potential breakout targeting 60.50 PHP if momentum resumes.
USD/MXN approaches 21 MXN resistance, with bullish momentum driven by US economic strength and geopolitical risks, while 20 MXN acts as key support.
Ethereum nears $3600 resistance, driven by Bitcoin’s strength and broader crypto trends, with $3300 providing strong support for potential breakouts.
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Gold steadies near the 50-Day EMA, with pullbacks offering buying opportunities as geopolitical risks and technical support at $2500 bolster the uptrend.
Silver trades near critical $30 support, with mixed technical signals suggesting potential resistance at $31.40 or a bearish breakdown below $30.
For the second consecutive day, the gold price has been trying to rebound to recoup this week's losses, which reached the support level of $2604 per ounce, following the strength of the US dollar driven by Trump's trade policies.
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A surge in sentiment following Trump's absence of threats to impose tariffs on the Eurozone helped the EUR/USD currency pair rebound to a high of 1.0544.
The USD/SGD has managed to come off a high produced yesterday near the 1.35130 ratio, and as of this moment is traversing near important near-term support around the 1.34350 value.
The USD/BRL closed within sight of the 5.8100 level yesterday as its higher Forex rate has begun to show signs of solidifying, this as financial institutions worry about Brazil’s fiscal policy and politics.