USD/JPY remains bullish overall, but the 160 level is still a major barrier, with pullbacks likely to find support near 158 and 156 before another breakout attempt.
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 below the 200-day EMA, with rallies likely to be faded unless the pair can reclaim 1.1650 and shift the near-term outlook.
USD/CAD remains near the top of its range, with 1.3750 as the key breakout level and 1.39 the next upside target if dollar strength continues.
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Bitcoin fell back on Thursday, but a recovery above $72,000 would strengthen the basing setup and put $82,000 back into focus.
Silver was hit hard by rising US yields, with $70 acting as the key level that must hold to prevent a deeper slide toward the 200-day EMA.
Natural gas spiked on Qatar supply fears, but with $3 still acting as support and $3.50 as likely resistance, traders may look to fade exhaustion near the highs.
Gold was hit hard on Thursday as rising US yields pressured prices, with $4,600 now the key level to watch for either a rebound or deeper breakdown.
WTI crude oil remains headline-driven and rangebound below $100, with $102 needed for a breakout higher while $92 and $85 stand out as major support levels.
Chainlink (LINK) is trading around the $9.10–$9.20 range after failing to hold onto earlier intraday gains.
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Bitcoin has made a strong bearish breakdown over the past day.
The USD/TRY is around the 44.31950 vicinity depending on the bids and asks currently being exhibited on trading platforms, this as the usual wide spread has to be dealt with by speculators within the currency pair.
The USD/MYR is trading near the 3.9400 level as of this writing, this after the currency pair swept upwards yesterday after a low of nearly 3.9030 was challenged.
The Australian dollar continues to chop back and forth against the US dollar on Wednesday, as traders are trying to gauge what the risk profile will be ahead of the FOMC.
The big winner here will be the United States, with its almost 14 million barrels of production daily.
The gold market fell early on Wednesday, as the market is waiting to hear from the FOMC later.