GBP/JPY is attempting to recover after a sharp decline, with a hammer candlestick suggesting buyers may be returning.
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/AUD remains in a strong downtrend as the pair tests the crucial 1.60–1.61 support zone ahead of the ECB decision. A break below 1.60 would reinforce the bearish outlook and activate a potential move toward 1.56.
USD/CHF continues to oscillate around the key 0.81 level as rising US Treasury yields support the dollar, while Swiss safe-haven demand limits upside.
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NZD/CAD remains under pressure as stronger oil prices support the Canadian dollar while weaker risk appetite weighs on the Kiwi.
GBP/USD Forex Signal: Buy Setups Above 1.3554
AUD/USD remains near multi-month highs, but momentum is weakening as the pair approaches 0.7270 resistance.
BTC/USD remains under pressure as rising oil prices and Middle East tensions increase inflation risks and reinforce expectations for tighter Fed policy.
EUR/USD is consolidating ahead of the ECB rate decision and key US inflation data, both of which could trigger the next major move.
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...
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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.