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.
Metatitle: EUR/USD Is Losing Ground, but the Bigger Question Is Still AheadH1: EUR/USD Faces Pressure as Dollar Support HoldsMeta description: EUR/USD remains under pressure as Fed hawkishness supports the dollar, while Europe’s energy outlook and risk appetite shape the next mov
NZD/USD remains under pressure near crucial 0.57 support. A bounce could target 0.58, but rallies may face selling pressure while the broader bearish trend persists.
GBP/AUD remains bearish near key 1.87 support. A sustained break below this level could expose 1.86, while rallies toward 1.90 may face selling pressure.
The USD/ZAR has correlated with the broad Forex market, but the South African Rand has also demonstrated rather distinctive resilience the past few trading sessions as financial institutions may be showing signs their outlooks remains focused on a lower trajectory for the currency pair.
EUR/CHF remains in a long-term uptrend despite the latest pullback. The 0.94 level is key support, while a break above 0.95 could trigger further gains.
Copper remains bullish after testing $6.85, with $7 the next key resistance level. Pullbacks toward $6.50 could attract buyers as supply concerns persist.
AUD/JPY remains supported as RBA rate hike expectations strengthen the Aussie. A break above 113 could extend the rally, while 110 remains key support.
EUR/AUD remains under pressure near the key 1.6000 support level. A break below 1.6000 would trigger a bearish signal targeting 1.5700, with the RBA outlook supporting the Australian dollar.
GBP/USD Signal 22/09: Bearish Below 1.3406
AUD/USD stays under pressure as a hawkish Fed, geopolitical tensions, rising Australian yields, jobs data, and the RBA decision keep 0.7000 in focus.
BTC/USD breaks higher as risk-on sentiment, lower oil prices, Bitcoin ETF inflows, and bullish cup-and-handle and flag patterns support momentum.
EUR/USD extends its decline as Fed and ECB rate-hike expectations, rising fuel prices, and bearish technical signals keep pressure on the pair.
Given the RBA’s hawkish outlook and expected rate hike next week, market participants will closely eye upcoming local PMI and employments data.
Bitcoin breaks above $85K as short liquidations and ETF inflows fuel the rally, while the 50-week SMA becomes a key support level.
Silver remains range-bound between $60 and $70 while trading near the 50- and 200-day EMAs, with rates and the US dollar driving direction.
