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 price has crashed in the past few days as the recent bull run faded. The BTC/USD pair moved to below 110,000, its lowest level since July 9 this year. It has plunged by 12% from its highest point this year, meaning that it is in a correction.
The AUD/USD exchange rate remained in a narrow range on Tuesday after the latest minutes of the Reserve Bank of Australia (RBA) and as traders reacted to the recent statement from Jerome Powell.
USD/CHF found support near 0.8000 on Monday, with buyers cautiously stepping in while 0.7900 remains the critical longer-term floor.
EUR/USD pulled back on Monday, holding within the 1.16–1.18 range as traders await clarity from the Federal Reserve’s September meeting.
WTI crude oil rallied into the $65 resistance zone, with traders watching for a breakout toward $70 if momentum holds above this critical level.
Bitcoin found strong support at $110K, rebounding with a bullish hammer as traders watch for a move toward $120K in its ongoing summer range.
USD/JPY rebounded from the 50-Day EMA, with traders eyeing 149 as key resistance and 146 as critical support in the coming sessions.
Gold prices remain range-bound, but strong support and Fed rate cut expectations keep the $3,500 breakout target in play.
Nvidia’s Wednesday earnings call is set to drive Nasdaq momentum, with traders watching $185 resistance and $170–$168 support for key moves.
Silver pulled back on Monday, facing resistance at $39 while support at $37.50 and industrial demand concerns keep volatility high.
The GBP/USD pair has pulled back after Friday’s rally, with resistance at 1.36 and support at 1.3250 keeping the market range-bound following Powell’s speech.
The NASDAQ 100 is consolidating near key support, with Nvidia’s upcoming earnings likely to determine whether the index pushes through the 24,000 resistance level.
EUR/USD is rebounding near 1.1720 after Powell’s dovish Jackson Hole speech, with bulls targeting 1.1830 and possibly 1.20 if momentum strengthens.
Gold prices climbed toward $3,400 after Powell’s dovish tone fueled rate cut bets, with technicals pointing bullish but risks tied to PCE and Fed policy ahead.
Ethereum hit $4,953, its highest price ever, backed by institutional inflows, strong DeFi growth, and Powell’s dovish Fed pivot, with targets up to $6,200.
