Crude oil markets remain volatile amid rising supply and rate cut speculation. Bulls eye $72.50 resistance while $65 holds as key support.
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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Silver rebounds after testing $35.50 support. Bulls remain active as the dollar weakens. Eyes on a breakout above $37 could lead to a $40 price target.
The Canadian dollar rebounds from a pullback, hovering below the key ¥160 resistance and 200-day EMA. A breakout may signal strong upside momentum.
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The British pound remains resilient as weak US inflation data pressures the dollar. Key support at 1.35–1.34 may offer fresh long opportunities.
The Turkish Lira remains under pressure, trading at 0.0255. Will it break the 0.0250 support level? Explore today’s TRY/USD technical signals and outlook.
The Euro gains on dovish Fed expectations and resilient EU data. EUR/USD challenges $1.15 with bulls aiming for 1.1575 as key resistance.
XAU/USD gains momentum amid Fed rate cut expectations and China-US trade talks. Gold bulls aim for $3400 as technical indicators support continued upside.
USD/ILS rallies sharply amid growing fears of conflict with Iran. Resistance looms at 3.58100, with traders watching for signs of easing or escalation.
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USD/CAD wavers as US CPI softens and trade talks stall. Watch for a break above 1.3750 to extend gains or a drop below 1.36 toward 1.3429 support.
Copper fell Wednesday as volatility spiked. Watch key support at the 50-day EMA near $4.75 and resistance at $5.00 for signs of direction.
The euro strengthens against the yen on trade optimism and weaker JPY. Key support at ¥165 with pullbacks offering long opportunities in bullish trend.
EUR/USD climbs after softer inflation data, testing resistance at 1.1570. A breakout may lead to 1.1750, while support rests near 1.13 and 1.12.
GBP/USD consolidates as traders eye key resistance at 1.3650 and support at 1.34. Short-term charts favor range strategies amid US CPI miss.
Gold struggles for direction as trade deal chatter and softer CPI keep markets in flux. Watch for breakout from the $3,200–$3,500 range.