The price has been stuck for a while below the big round number at $0.6000, consolidating between that resistant area and support at $0.5825.
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 holding above key support within a bullish megaphone pattern, with a breakout toward 0.6500 likely as traders await U.S. inflation and Aussie jobs data.
BTC/USD is nearing the $108,250 resistance after forming a bullish cup-and-handle pattern, supported by strong ETF inflows and tightening exchange supply.
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GBP/USD is consolidating within bullish technical patterns, with potential for a breakout toward 1.3430 as traders await key U.S. inflation and UK GDP data.
EUR/USD is testing key support near 1.1215 with potential for a rebound toward 1.1350, but US inflation and ECB commentary may drive volatility either way.
The U.S. dollar is pressing resistance against the Swiss franc at 0.8350, with a breakout potentially triggering a bullish move toward the 0.8490 level.
The U.S. dollar remains under pressure against the South African rand, holding near the critical 18 ZAR support as global trade tensions and risk sentiment weigh.
The British pound advanced 0.4% against the Swiss franc on Friday, signaling increased risk appetite as it nears key resistance at 1.11 with bullish momentum.
Ethereum surged with a 39% gain over two sessions, potentially kicking off an altcoin rally, though near-term pullbacks toward $2000 are likely buying zones.
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The U.S. dollar continues to slide against the Mexican peso amid risk-on sentiment, with support at 19.45 possibly breaking to expose the 19.00 level.
Silver rallied back on Friday, but remains locked in a choppy $32–$34 range as traders await a breakout amid volatility, dollar moves, and trade concerns.
The Euro continues its volatile pattern between 1.12 and 1.13, suggesting a possible topping formation, with a break below 1.12 signaling deeper downside risk.
Crude oil briefly rallied Friday before retreating, yet holds bullish potential if $55 forms a double bottom and trade talks spark renewed demand optimism.
After a sharp rally, Bitcoin shows signs of overextension with likely profit-taking ahead, but remains bullish with support expected near the $100K–$95K range.
After an initial selloff, gold rebounded on Friday, likely to remain volatile within a $3,200–$3,500 range amid trade tensions and speculative market behavior.