AUD/JPY remains under pressure as expectations of a Bank of Japan rate hike strengthen the yen and weigh on the carry trade
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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Natural gas remains capped near the $3.00–$3.03 resistance zone despite improving export demand. A decisive break above $3.05 could trigger a bullish move toward $3.15, while $2.90–$2.85 remains the key support area.
GBP/USD Signal: Key 1.3554 Resistance in Focus
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AUD/USD remains near its highest level since May as China’s stimulus supports sentiment, but a rising wedge pattern raises the risk of a bearish reversal.
BTC/USD remains above the 50-day EMA, but momentum is weakening as the PPO turns bearish and RSI falls from overbought territory
EUR/USD is consolidating inside a symmetrical triangle ahead of key US inflation data and the ECB rate decision. The pair is holding above the 50-period EMA, with a bullish breakout potentially targeting 1.1710.
Despite the pair initially selling off following U.S. nonfarm payrolls and unemployment data exceeding economists’ expectations, buyers quickly re-emerged, suggesting underlying bullish sentiment and a focus on growing expectations that the Reserve Bank of Australia (RBA) will...
...the price is facing a familiar problem: while demand has improved, supply remains concentrated above the spot price
Silver has consolidated into a holding pattern bounded by key moving averages, with the 50-day EMA and 200-day SMA anchoring institutional positioning on either side. Current price action sits above the longer-term trend (200-day SMA), suggesting structural support...
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GBP/USD Outlook: Can Bulls Clear 1.3550 Resistance?
USD/MXN Outlook: Low Liquidity Raises Volatility Risk
USD/CHF has bounced from the 50-day EMA after an early selloff, with the wide US-Swiss rate differential continuing to support the carry trade.
USD/JPY is testing an important support area after stronger-than-expected US jobs data pushed Treasury yields higher
EUR/CHF remains in a bullish carry-trade setup as the euro benefits from a favorable rate differential against the Swiss franc.
AUD/USD Forecast Today: Bullish Momentum Builds