GBP/USD struggles near the 1.34 resistance level as traders await central bank rate decisions that could trigger a breakout toward 1.36 or a reversal to 1.32.
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
USD/MXN continues its downtrend as the dollar weakens below key support, with carry trade dynamics and technical momentum pointing toward 17.5 unless global risk sentiment shifts.
The Nasdaq 100 is stabilizing around the 25,000 level as artificial intelligence narratives drive short-term volatility, with the broader uptrend still intact.
Top Forex Brokers
BTC/USD remains under pressure near $87,000 as bearish technical signals, weak ETF flows, and global rate hike fears point to a potential drop toward $80,650.
GBP/USD jumped to its highest level since October as traders anticipate a soft UK inflation print and potential BOE rate cut, following weak jobs data from both the UK and US.
EUR/USD rose toward its highest level since September, buoyed by weak US job data and expectations that the ECB will hold rates steady ahead of key inflation figures.
Gold (XAU/USD) surged near $4350 on Tuesday, with bullish momentum fueled by Fed rate cut bets, geopolitical tensions, and ETF inflows, keeping gold on track for a historic 2025 close.
EUR/USD traded near a two-month high at 1.1768 on Tuesday, with traders eyeing a potential breakout above 1.18 as key Eurozone PMIs and US job data threaten to spark volatility.
More than half a billion in leveraged crypto positions were liquidated across the crypto market on Tuesday as the price of Bitcoin dropped to $85,000 amid a broader market tumble. XRP prices posted the largest 24-hour losses among the top ten cryptocurrencies by market capitalization.
Bonuses & Promotions
The S&P 500 continued to edge lower on Tuesday, slipping below 6,810 as cautious sentiment and spillover fears from the Nasdaq 100 pressured the index toward key support at 6,800.
The Nasdaq 100 continued to face selling pressure on Tuesday, falling below 25,000 as investor caution grows around AI valuations and year-end positioning, with support eyed at 24,700.
Meta stock remained choppy around the $650 level on Monday, influenced by AI market sentiment, year-end positioning, and technical resistance, though the long-term outlook continues to favor higher prices.
Silver prices continued their strong upward move on Monday, supported by retail momentum, central bank rate-cut expectations, and supply concerns, with pullbacks still viewed as buying opportunities.
Bitcoin continues to weaken amid heavy selling pressure, poor ETF and spot flows, and macro uncertainty, with technicals pointing toward a potential drop below $80,000.
The euro is stabilizing near key technical support against the Swiss franc, with SNB intervention risk favoring upside potential if resistance at 0.94 breaks.