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 Turkish lira hits record lows against the USD, with the pair trading above 35.00 as high inflation and external debt pressures weigh on the currency.
EUR/USD hits a two-year low at 1.0343, with political instability and weak Eurozone data fueling parity concerns amid Fed-driven dollar strength.
GBP/USD hits a three-week low at 1.2562 as hawkish Fed signals weigh heavily, while traders await the Bank of England’s key policy announcement.
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USD/JPY climbs to a five-month high at 156.68, with bullish momentum fueled by contrasting Fed and BoJ policies, as traders anticipate a push toward 160.00.
Gold rebounds to $2622 after sharp losses, with traders watching key support at $2585 amid Fed's hawkish stance and strong USD pressures.
The euro hovers near 1.05, pressured by EU political instability, with traders eyeing potential shorts on rallies as the FOMC decision looms.
The Australian dollar nears 0.63, pressured by Chinese economic concerns and FOMC expectations, with traders looking to sell on potential bounces to 0.65.
The ASX 200 edges higher, testing resistance at 8,350, with traders eyeing 8,500 amid cautious optimism influenced by global and regional economic factors.
The DAX index remains bullish, with pullbacks near €20,000 viewed as buying opportunities, supported by potential ECB stimulus to boost German exports.
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Bitcoin sees a minor pullback ahead of the FOMC meeting, with traders eyeing $100K as a support level and focusing on dip-buying opportunities.
The US dollar has rallied rather significantly during the trading session on Wednesday, as the FOMC in the United States cut interest rates by 25 basis points.
The Ethereum market pulled back rather significantly during the trading session on Wednesday, reaching the crucial $3600 level.
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US Federal Reserve knocks risk sentiment on slower rate cut pace, boosting the Dollar and weakening commodity currencies such as the Aussie Dollar.
The GBP/USD pair remained on edge after the UK published the November consumer inflation report and after the Federal Reserve delivered its last interest rate decision of the year.
The EUR/USD pair made a strong bearish breakout after the Federal Reserve delivered a relatively hawkish interest rate cut on Wednesday.