Despite a sharp drop in the DAX during Wednesday’s session, the broader uptrend remains intact, with traders eyeing support near 22,500 EUR for dip-buying.
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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Bitcoin continues to consolidate between the 50-day and 200-day EMAs, with $90,000 acting as major resistance and $75,000 likely forming the market’s floor.
The British pound fell against the US dollar but found support near 1.2850, hinting at a continued consolidation within its recent trading range.
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Silver pulled back during a volatile Wednesday session, but strong support levels and bullish sentiment suggest buyers remain in control.
The EUR/USD pair has broken below key support at 1.0800, with bears targeting 1.0760 amid tariff concerns and weak US confidence data.
Gold remains in a strong uptrend above the $3000 level as traders anticipate April 2 US tariff developments, with resistance targets at $3038, $3045, and $3078.
Copper soared to a record high above 5.33 as persistent buying and tariff-related speculation continue driving volatility and bullish sentiment in the market.
The NZD/USD pair trades in a tight range near 0.575 as traders await U.S. data and clarity on tariffs, with support holding and resistance forming near 0.576.
Bitcoin holds steady near $88,000 but a bearish rising wedge pattern suggests a likely pullback unless bulls push past the $94,000 resistance level.
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We are seeing weakly bullish momentum due mostly to more dovish remarks from President Trump on the new tariffs set for implementation next week.
GBP/USD edges higher on soft U.S. data, with traders focused on upcoming UK inflation that could drive a bullish breakout toward 1.3100.
EUR/USD continues its sharp decline but may rebound toward 1.0935 as a bullish cup and handle pattern emerges near key support levels.
USD/JPY pulls back from resistance near the 50-day EMA, with 150 yen offering key support as traders assess interest rate shifts and risk sentiment.
USD/CAD continues to hover above key support at 1.43, with traders cautious ahead of potential tariffs that could drive sharp moves in either direction.
The FTSE 100 continues to trade choppily, facing resistance at 8,750 and support at 8,500, as global trade and growth concerns weigh on sentiment.