Bitcoin tests $77,000 as on-chain momentum turns positive. A move above $80,000 could confirm a recovery, while failure risks a pullback toward $74,000.
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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USD/CAD has benefited from the widening yield spread between US and Canadian bonds, creating a structural advantage for dollar longs that institutional investors have aggressively exploited.
USD/JPY remains near the crucial 160 level and 50-day EMA as the US-Japan rate differential continues to support the carry trade. Intervention risk remains a concern, while Friday’s US jobs report could provide the next major catalyst.
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AUD/CHF has pushed above the 0.5800 level as the Australian dollar benefits from a favorable rate differential against the Swiss franc. The broader bias remains bullish, with 0.5990 as the upside target and 0.5700 marking key support.
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EUR/CHF continues to trend higher as the interest rate differential favors the euro and buyers defend the 0.9300 support area. The broader outlook remains bullish, with 0.95 as the next major target and 0.9650 possible longer term.
GBP/JPY is consolidating above the 50-day EMA as traders balance bullish rate differentials against renewed Bank of Japan intervention risk.
AUD/USD has pulled back from recent highs despite stronger-than-expected Australian GDP growth. The pair is testing the lower boundary of its ascending channel, with a break lower potentially exposing 0.7050, while a rebound could bring 0.7200 back into focus.
BTC/USD remains under pressure as rising global bond yields and higher Fed rate-hike expectations weigh on risk assets. Bitcoin has formed a bearish double-top pattern, with $70,000 emerging as the next key downside target if support fails.
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GBP/USD remains under pressure as geopolitical risks and rising US and UK bond yields weigh on sentiment. The pair has broken below key technical support, with bearish momentum now pointing toward the 1.3450 area.
EUR/USD Forex Signal: Bears Eye a Break Below 1.1574
Gold is testing the 200-day EMA at a critical juncture. Following Fed communications at Jackson Hole, particularly Vice Chair Warsh's flat-out denial of rate-cut urgency, the market has shifted its forward repricing toward a hold-pause regime.
USD/MXN: Fight Lower Remains Incremental and Consistent
The Fed-ECB divergence has sharpened considerably. While ECB policymakers signal patience on future rate moves, Warsh's commentary on the Fed's policy optionality has reset market expectations around the persistence of restrictive monetary conditions.
USD/ZAR Forecast: Fed Uncertainty Drives Rand Volatility