Crypto holders across social media are celebrating as Bitcoin (BTC) rallied to a new all-time high above $123,000 on Monday despite a rocky start to the so-called “Crypto Week” in the U.S.
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.
Most Recent
Markets Mildly Shaken Yesterday by Reports Trump Canvassing for Powell Ouster, Recovery After Trump Says Firing 'Highly Unlikely' Without Cause; US PPI Data Positive for Inflation; Major US Equity Indices Approaching Recent Record Highs; Bitcoin Rising Again After Printing New Support Above $118,000
The GBP/USD exchange rate crash stalled as market participants reacted to important macro numbers from the United States and the UK. It was trading at 1.3400
Top Forex Brokers
The EUR/USD pair pulled back on Thursday morning as traders reflected on the latest US inflation data and the idea that Donald Trump was considering firing
The Bitcoin price held steady, a few percentage points below the all-time high, as demand from Wall Street investors surged. The BTC/USD pair was trading
The USD/CHF pair saw volatile swings on Wednesday after Powell firing rumors, with the dollar stabilizing near 0.80 as traders eye a breakout above 0.81.
Crude oil bounced from key $66 support on Wednesday, forming a bullish hammer pattern as seasonal trends and economic optimism support potential upside.
GBP/USD pulled back on Wednesday after surging on Powell firing rumors, with technicals suggesting downside risk toward the 1.31 support level.
The AUD/CHF pair remained volatile on Wednesday amid Powell rumors, with traders eyeing 0.5175 support and 0.5278 EMA as signals of global risk appetite.
Bonuses & Promotions
The New Zealand dollar experienced major volatility near key moving averages following Powell-related rumors, setting up a breakout trade opportunity.
The US dollar tested strong resistance at 1.3750 against the Canadian dollar amid Powell firing rumors, with bulls eyeing a breakout toward 1.39.
The US dollar swung against the Mexican peso amid Trump-Powell rumors, with USD/MXN now stabilizing near key resistance at 19.00 and support at 18.50.
The euro spiked and retraced on Wednesday amid Trump-Powell rumors, with EUR/USD now stabilizing around the key 1.16 support zone.
The S&P 500 surged and then steadied on Wednesday after a false Trump-Powell firing report, with traders now watching for a breakout above 6300.
The US dollar plunged then rebounded sharply against the yen after Trump denied firing Jerome Powell, stabilizing the USD/JPY pair near key support.