EUR/USD weakens after forming two shooting stars, with US inflation, consumer confidence, GDP data, and Jackson Hole guidance driving the next move.
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/GBP remains under pressure as the euro struggles near 50-day EMA resistance, with traders watching 0.8530 support amid ECB and UK rate expectations.
GBP/CHF continues its recovery as traders focus on carry trade opportunities, with the pound holding above 50-day EMA support and targeting 1.10 resistance.
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USD/JPY stabilizes as buyers defend trendline support, with the pair targeting 160 yen resistance while rate differentials continue supporting the dollar.
EUR/AUD stabilizes after Friday’s sell-off as traders watch the 1.6150 to 1.6600 range, support levels, and potential bounce opportunities.
Natural gas prices test key resistance near $2.80 as traders prepare for the October contract rollover and watch seasonal demand trends.
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CAD/INR pushes toward 69.50 as stronger oil prices, Canadian Dollar demand, tariff hopes, and rupee pressure keep the pair supported.
Silver consolidates near the $70 resistance level, a technical barrier that has constrained upside attempts despite sustained interest from safe-haven buyers. Breaking decisively above $70 would signal a push toward $75.
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AUD/JPY remains bullish as carry trade demand drives momentum, with 115 yen resistance, 110 yen support, and a potential breakout toward 118.
USD/CHF stabilizes as rate differentials support carry trade demand, with dip buyers defending the 0.7950 Fibonacci support area despite Treasury buyback noise.
The USD/MXN currency pair has been within a solid bearish trend that has displayed an ability to show downward momentum, but before speculators rush into additional wagers seeking lower ground they may want to look at the charts and wonder how much further depth is possible.
GBP/USD reached a new six-month high late last week, with Friday producing its highest daily close in more than six months. Such breakouts can matter in this pair because momentum often becomes self-reinforcing once traders accept that a long-standing range has been left behind.
Gold pushes toward €4,000 against the euro as global debt concerns, strong momentum, and a forming golden cross keep buyers in control.
GBP/CHF pushes higher as UK-Swiss rate differentials support the carry trade, with the 50-day EMA holding and 1.0950 back in focus.