This currency pair had been ranging over more than two weeks when it finally moved sharply lower on risk-off, strong USD sentiment following surprisingly...
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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AUD/USD is struggling to hold gains as higher US yields, geopolitical uncertainty, and global growth concerns favor further downside toward 0.69.
Gold prices are attempting to recover during Tuesday's trading after a strong sell-off wave that pushed them to a two-month low near $4268 per ounce.
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The EUR/USD pair has been experiencing a sharp decline since peaking near the key psychological resistance level of 1.2000 in late January, retreating significantly over the following months.
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Gold is attempting to stabilize near the 200-day EMA, but any meaningful rebound depends on US yields falling and headline risk easing.
USD/CAD remains bullish near 1.3950, but the major 1.40 resistance zone could trigger profit-taking if US yields begin to ease.
Silver remains noisy around the 200-day EMA, with falling US yields potentially helping buyers reclaim $70 and target $73.50.
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Bitcoin is stabilizing near the $60,000 support zone as calmer US yields help buyers defend the market, though $65,000 remains the key upside trigger.
Bitcoin is attempting a short-term rebound, but weak technicals, ETF outflows, and upcoming US CPI data keep the broader bearish outlook intact.
AUD/USD remains bearish as strong US jobs data, rising Fed hawkishness, and a stronger US dollar push sellers toward the 0.6950 target.
EUR/USD is testing key support near 1.1500, with upcoming ECB and US CPI releases likely to determine whether the recent bearish trend extends toward 1.1400.
USD/CHF remains bullish as rising US yields and the interest rate differential support the dollar, with pullbacks near 0.7950 likely to attract buyers.
AUD/USD remains under pressure after hotter-than-expected US jobs data lifted yields, with rallies near 0.71 likely to attract sellers unless buyers reclaim 0.72.