EUR/USD hovers near the 1.16 barrier with eyes on Wednesday’s FOMC statement. A daily close above could signal a major bullish breakout.
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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The GBP/USD pair dropped Tuesday as traders brace for the Fed’s interest rate announcement. Key support at 1.34 and resistance at 1.3650 define the range.
After an initial rally attempt, copper prices pulled back on Tuesday. With prices sitting on the 50 Day EMA, traders look to copper as a key economic growth indicator.
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Despite gapping lower, crude oil quickly bounced as tensions between Israel and Iran escalate. Strong technical support at 200 Day EMA could trigger bullish continuation.
A double bottom chart pattern at $1.3515 has caused a bullish reaction, but the bearish pressure seems too much to resist, with new resistance at $1.3467 holding the price down.
Aussie dollar holds firm ahead of major events. Traders eye 0.6600 if the Fed turns dovish or jobs data surprises. See key levels and signal setups.
Bitcoin dips on rising geopolitical tensions and ahead of the Fed decision. A bearish double-top chart pattern points to a possible drop toward $100,470 support.
EUR/USD retreats as weak US retail sales and falling industrial output coincide with rising geopolitical tensions. A double-top pattern suggests further downside toward 1.1350.
USD/CAD attempts to recover as geopolitical tensions escalate. Key levels: 1.3750 resistance and 1.3425 support. Will the pair break out or face renewed pressure?
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The US dollar climbs against the Japanese yen as traders weigh the Fed’s next move and global geopolitical threats. Critical level: ¥145 with the 50-day EMA in play.
The euro pulls back from key resistance against the yen amid rising geopolitical tensions. Technical levels at 165 and 168 are crucial in determining short-term direction.
Geopolitical risks push GBP/CHF lower as traders seek shelter in the Swiss franc. Key levels to watch include 1.09 and 1.1060; market reacts to Middle East headlines.
As geopolitical tensions rise and risk appetite fluctuates, USD/CHF hovers near support at 0.81. Technical and interest rate dynamics favor a potential short-term rebound.
Solana (SOL) is bearish in line with the wider cryptocurrency market, with its price dropping to around $151, down 3.3% on June 17, amid escalating geopolitical tensions in the Middle East.
The Euro continues upward momentum near key resistance, supported by bullish indicators. Traders eye Fed policy and US inflation data for next moves.