The EUR/USD exchange rate has pulled back in the past two consecutive days as investors reflect on the next stages of the ongoing US-Iran war. It retreated to 1.1710, down from this month’s high of 1.1847.
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.
Most Recent
Bitcoin price continued rising this week, crossing the important resistance level at $78,000 as the bull run gained steam. The BTC/USD pair rose to 79,000 for the first time since January. It has jumped by over 31% from its lowest level this year.
EUR/CHF remains rangebound and headline-driven, with 0.92 as key resistance and 0.91 as the main support zone to watch for a potential rebound.
Top Regulated Brokers
GBP/JPY remains in a bullish trend, with 214 holding as support and a break above 216 likely opening the way for a move toward 222.
Bitcoin continues to trade sideways in an apparent accumulation phase, with 72,000 acting as key support and 77,000 as the trigger for a stronger upside move.
Gold maintains a bearish bias below $4850, with weakening momentum indicators pointing toward a potential move down to $4690 and $4630 support levels.
EUR/USD is starting to tilt bearish as rising risk aversion and renewed dollar demand pressure the pair toward the 1.1700–1.1660 support zone.
The USD/SGD exchange rate has remained under pressure in the past few weeks as the US dollar has softened recently. It was trading at 1.
The USD/BRL exchange rate continued its strong downward trend this month, reaching its lowest level since March 24, making the Brazilian real one of the...
Bonuses & Promotions
Buy the GBP/USD pair and set a take-profit at 1.3600.
Buy the BTC/USD pair and set a take-profit at 81,000.
Buy the AUD/USD pair and set a take-profit at 0.7250.
USD/CHF is attracting buyers near 0.78, with higher US rates and Swiss National Bank policy helping keep the pair biased toward a move to 0.80.
Silver came under heavy pressure as higher interest rates and geopolitical uncertainty weighed on the metal, with $70 now the key downside level to watch.
Gold came under pressure as higher US yields and stalled Iran-US talks boosted the dollar, with $4,600 now the key support level to watch.