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.
Bitcoin has pulled back amid rising US Treasury yields and a stronger dollar, but bullish technical patterns suggest a potential recovery.
GBP/USD remains bearish following the FOMC minutes, with a stronger US dollar and rising bond yields weighing on the pound.
EUR/USD remains under selling pressure as surging bond yields, European debt concerns and a stronger US dollar weigh on the pair. Bearish technical indicators suggest further downside toward 1.1100, with sellers maintaining control of the broader trend.
AUD/USD Signal: Can Support Hold as the US Dollar Gains?
The trend is intact, participation across the broader crypto market remains unsettled, and a new category of regulated leverage product now sits closer to the market's edge.
USD/CHF remains choppy around 0.83, but Chris maintains a longer-term bullish outlook due to the favorable carry trade and persistent Swiss franc weakness.
EUR/USD has bounced as French yields eased, but we remain firmly bearish amid French debt concerns and elevated US yields.
USD/CAD is struggling to break above the key 1.4250 resistance level, with consecutive shooting-star formations suggesting the recent rally is losing momentum.
GBP/USD is showing signs of a rebound from the bottom of its established trading range as buyers return and momentum turns from oversold levels.
AUD/USD remains range-bound but supported by a hawkish RBA, strong commodity markets and improving momentum.
The USD/JPY trend is publicly being confronted by the Bank of Japan – and sometimes the U.S Treasury/Fed – and those who want to pursue what appears to be a consistently rising tide, must also acknowledge the tide reverses quickly.
Bitcoin remains supported by bullish momentum after breaking above $82,500 and retesting the level as support.
Gold remains supported within the $4,000–$4,200 demand zone, but elevated interest rates are preventing buyers from regaining momentum.
AUD/USD has rebounded from 0.6900, but technical indicators suggest the rally is losing strength. The pair could retreat toward 0.6900, while a break above 0.7020 would invalidate the bearish outlook.
GBP/USD remains in a broader downtrend, with the pair trading close to crucial support at 1.3172. A decisive break below this level could trigger further downside toward 1.3000, with FOMC minutes and comments from BoE Governor Andrew Bailey in focus.
