Silver gave up early gains on Tuesday as U.S. dollar strength weighed on prices, but support at $33.33 keeps the bullish outlook intact.
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 cryptocurrency market traded sideways over the past week after token prices retested lower support levels amid an increase in geopolitical turmoil, including Trump’s trade war and concerns about the health of the global economy.
AUD/USD hovers near resistance at 0.6390, forming a bearish double-top as traders anticipate key US and Australian economic data.
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Bitcoin remains under pressure, failing to break $85,000, as investors await the Fed's decision and fear a potential bearish breakdown toward $76,400.
The area of support below the current price starting at $1.2950 remains pivotal, with the price recently trading bullishly at a new multi-month high and looking likely to continue rising.
EUR/USD extends its rally ahead of the FOMC decision, with technical indicators signaling overbought conditions as traders eye resistance at 1.1000.
The EUR/USD pair hovers near 1.0930, fueled by German stimulus optimism and US economic slowdown concerns, with traders awaiting the Fed’s policy announcement.
Gold reaches an all-time high of $3,020 per ounce, driven by global trade tensions, Middle East conflicts, and expectations surrounding the Federal Reserve's upcoming policy decision.
Crude oil remains range-bound as resistance at $68 holds firm. With economic concerns weighing on momentum, will oil break out or stay in consolidation?
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The USD/CAD pair declined as tariff concerns fueled volatility, but long-term uncertainty keeps traders cautious about a sustained Canadian dollar rally.
The British pound surged toward 1.30, but traders watch for a breakout or sideways consolidation ahead of the Federal Reserve’s key rate decision.
The DAX remains bullish with strong buying pressure, but traders watch for a breakout above €23,400 or a pullback to €22,700 as the next key move.
EUR/USD climbs above 1.09, supported by rising German yields, but traders await the FOMC meeting for potential market-shifting signals.
USD/BRL declines sharply as risk appetite rises, with traders eyeing 5.7000 as resistance ahead of the Fed’s interest rate decision.
Bitcoin consolidates between $75K and $90K, testing the 200-day EMA as traders gauge risk appetite and potential breakout direction.