Recent Eurozone inflation data matched expectations but failed to provide sufficient support for the Euro. The single currency continues to fluctuate near
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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EUR/USD remains under pressure after forming a bearish flag pattern, with traders focusing on US jobs data and the potential for a move toward 1.1500.
Bitcoin remains under heavy bearish pressure as ETF outflows, rising liquidations, and rotation into record-high stock markets point toward a possible test of $60,190.
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AUD/USD remains under pressure as rising geopolitical risks, a stronger US dollar, and a bearish flag formation increase the likelihood of a move toward 0.7000.
The USD/BRL closed near the 5.0600 level yesterday as the currency pair reached a new near-term high when it touched the 5.0915 mark briefly on Wednesday, this
USD/JPY remains bullish as the US rate advantage supports dip buying, but traders should stay cautious near the 160–160.50 intervention-risk zone.
USD/CAD remains bullish despite a short-term pullback, with buyers defending the 200-day EMA and targeting 1.39–1.3950.
GBP/USD remains supported as buyers target a break above 1.35, with dips near the 200-day EMA still viewed as buying opportunities.
Bitcoin’s breakdown below the critical $72,000 level has strengthened the bearish outlook, with traders now watching for a potential move toward $64,000.
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EUR/NZD is failing to hold gains near 1.97, with a potential death cross and improving risk appetite pointing toward a possible move to 1.94.
GBP/JPY continues to favor the upside as the wide UK-Japan yield gap supports the pound, though resistance near 216 remains a key hurdle.
AUD/USD remains constructive above 0.7150 as RBA policy support and strong commodities keep traders focused on buying dips.
AUD/USD remains constructive above 0.7150 as RBA policy support and strong commodities keep traders focused on buying dips.
CAD/CHF remains constructive as the Canadian dollar targets a breakout above 0.57, with 0.5650 as support and 0.58 as the upside target.
GBP/USD continues to consolidate as traders await ADP and NFP jobs data, with 1.3350 and 1.3550 defining the near-term trading range.