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 Federal Reserve's recent hawkish messaging creates an immediate headwind for Gold, as real yields climb higher on expectations for sustained rate maintenance. However, the ECB operates on a different timeline: Thursday's press conference will test whether European...
EUR/USD consolidation near key moving-average confluences reflects a rare institutional stalemate: the ECB is widely expected to raise rates Thursday in response to persistent eurozone inflation, while concurrent US payroll strength has reignited Fed hike bets for next week.
USD/ZAR Tests 16.00 Ahead of CPI and Fed Decision
USD/CHF remains supported by the wide US-Swiss rate differential, but stronger Swiss inflation and safe-haven demand are limiting upside momentum.
EUR/CHF remains supported by the euro’s yield advantage over the Swiss franc as markets price in further ECB tightening.
GBP/AUD continues to trade with a bearish bias as the RBA’s more hawkish stance contrasts with expectations for easier Bank of England policy.
USD/JPY remains under pressure as markets price in a more hawkish Bank of Japan and unwind yen carry trades.
AUD/JPY remains under pressure as expectations of a Bank of Japan rate hike strengthen the yen and weigh on the carry trade
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
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
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