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.
The supportive area above $1.1600 has continued to hold ahead of the Fed’s policy meeting taking place later today.
EUR/JPY pushes above ¥182 as momentum builds after weeks of consolidation. Support near ¥180 and a favorable, stable rate differential underpin the move, while persistent yen weakness continues to drive the pair broadly higher.
Bitcoin shows resiliency after early-session weakness, with traders watching the $93,000 level for a potential recovery. Conflicting chart patterns and the upcoming FOMC decision add uncertainty, leaving the market cautiously optimistic as it searches for direction.
The USD/JPY pair rallied firmly ahead of the Federal Reserve’s rate decision, with traders watching both the expected cut and the press-conference guidance. A break above ¥158 could open a move toward ¥160, while dips remain favored for buying.
Goldman Sachs continued its strong advance ahead of the FOMC statement, supported by expectations of lower rates, a recent IPO acquisition, and upcoming earnings.
GBP/CHF softened slightly after a strong multi-week rebound, with traders watching support near 1.07 and interest-rate differentials that still favor the Pound.
Crude oil remains under pressure as failed rallies confirm persistent bearish momentum. Supply glut and weak demand cap prices below $60, with further downside likely absent a major shock.
Gold prices retreat slightly to $4176 amid US dollar strength and Fed uncertainty, but technicals remain bullish with traders eyeing $4300–$4340 on a breakout.
EUR/USD trades within an ascending channel near 1.1650, awaiting direction from key US jobs data and the Fed’s rate decision, with technical indicators hinting at a possible bullish continuation.
The S&P 500 hovers near recent highs as traders brace for Wednesday’s Fed decision, with cautious optimism and rate-cut hopes fueling near-term support.
The Nasdaq 100 hovers near recent highs ahead of Wednesday’s expected Fed rate cut, with traders watching closely for dovish signals that could ignite further gains.
A massive negative earnings shock, a significantly undervalued company, and a famed investor’s bullish case. Is a price action recovery ahead for Molina Healthcare?
A saturated and competitive market, 50%+ negative earnings-per-share growth, steep infrastructure costs, and a questionable AI push. Will the correction in GoDaddy continue?
Negative earnings in four out of the past five years, a promising AI future, and high valuations in an ultra-competitive market. Time to sell CrowdStrike after earnings?
The bearish double top and pattern of lower lows suggests a bearish consolidation is playing out.
