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 BTC/USD pair rally took a breather after forming a doji candlestick pattern and a rising wedge on the daily chart.
EUR/USD stabilizes below 1.05, reflecting bearish momentum driven by Eurozone economic uncertainty and anticipation of the Fed's policy decision.
Gold stabilizes around $2645 after recent selling pressures, with traders eyeing Fed policy announcements and China's renewed gold demand for future price movements.
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Bitcoin climbs 1.25% amid a strong uptrend, with potential pullbacks seen as buying opportunities as traders await the FOMC's interest rate decision.
Trading in the USD/ILS seems to have found a target via sellers early this week which seem to fixated on the 3.58000 vicinity, this as financial institutions have grown more tranquil and optimistic.
The USD/CAD is within sight of highs from the climatic days of coronavirus in March and April of 2020, this time around it is because financial institutions are nervous about economic ramifications via the incoming Trump White House.
The Australian dollar continues to decline, pressured by China’s slowdown and strong USD, with a potential breakdown below 0.63 signaling further losses.
Ethereum holds near $4,000 resistance, with potential pullbacks to $3,600 seen as value plays, driven by Bitcoin’s influence and ecosystem demand.
In my daily analysis of major currency pairs, the USD/CAD continues to capture my attention as the political issues in Canada take front and center stage.
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The euro weakens against the pound as EU economic challenges mount, with a break below 0.82 signaling a deeper decline toward 0.80.
During my daily analysis of major currency pairs, the GBP/USD pair has captured my attention, because the British pound has rallied to reach the 1.20 level.
USD/JPY pulls back ahead of FOMC and BoJ decisions, with traders eyeing support near 152 yen for potential bullish continuation in a volatile market.
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During my daily analysis of the silver market, I’ve noticed that the market has reached a trend line that has been very important since the month of February.
In my daily analysis of the gold market, the first thing that comes to mind is that we continue to bounce around the 50 Day EMA.
In my daily analysis of the EUR/USD pair, I see the same thing that I have seen for several days: the EUR/USD simply grinding sideways.