Ethereum (ETH), the largest smart-contract platform, has now pulled back to a round number that matters, dipping below it briefly today before buyers pulled the price back to defend it.
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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While Gold had shown an ability to incrementally move higher the past few weeks, constant headwinds had made penetrating resistance difficult at best. This morning’s downturn has not seen evidence yet of broad market correlations...
EUR/USD continues to trade sideways with a bearish bias as interest rate differentials and concerns over rising European energy costs weigh on the euro.
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USD/JPY remains range-bound between support near the 200-day EMA and resistance at ¥159, with the interest rate differential between the US and Japan continuing to favor the dollar
EUR/CHF is showing signs of forming a base after an extended decline, supported by the interest rate differential between the euro and Swiss franc.
GBP/USD continues to consolidate near the 200-day EMA as stronger-than-expected UK inflation provides some support for sterling, although resistance around 1.3450 limits immediate upside
AUD/JPY is gaining momentum as the interest rate differential between Australia and Japan continues to favor the Australian dollar, with support near the 200-day EMA and ¥109.
USD/CAD is attempting to recover from its recent pullback, with buyers returning near the 50-day EMA and the 50% Fibonacci retracement level.
AUD/USD Forex Signal: Bulls Defend 0.7010 After Breakout
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Bitcoin has climbed toward $85,000 as improving risk sentiment, renewed spot Bitcoin ETF inflows and continued institutional buying support its recovery.
While upside is being challenged in the EUR/USD there have also been periodic bouts of pushback, not allowing the currency pair to transcend loftier heights. Next week’s Federal Reserve meeting and rate decision coming on Wednesday is certainly in the mindset of traders.
GBP/USD has rallied toward 1.3410 as stronger-than-expected UK inflation and employment data increase expectations of a Bank of England interest rate hike.
EUR/USD is consolidating near 1.1225 as rising European bond yields and concerns over France's debt weigh on sentiment, while expectations of further ECB rate hikes offer some support.
This combination of technical resistance, leveraged trading positions, and renewed spot Bitcoin exchange-traded fund (ETF) inflows makes $90,000 a critical level to watch. However, whether Bitcoin reaches it will depend on sustained buying pressure and its ability to overcome ove
AUD/USD is attempting to recover as declining US Treasury yields support the Australian dollar, although weak Australian employment data raises questions about the RBA's policy outlook.