The US Dollar dipped against the Japanese Yen on Wednesday, encountering resistance at the 200-day EMA while maintaining key support near ¥150.
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 US Dollar strengthened against the Canadian Dollar on Wednesday, hovering near 1.42 as traders assess tariff risks and monetary policy differences.
The Australian Dollar faced resistance near 0.6350 on Wednesday, with downside risks persisting as US dollar strength and economic factors weigh on the currency.
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The British Pound tested 1.14 against the Swiss Franc on Wednesday, with bullish momentum suggesting a possible move toward 1.15 and beyond.
The US Dollar rallied against the Mexican Peso on Wednesday, testing resistance at the 50-day EMA as traders watch economic and trade developments.
The British Pound struggled on Wednesday, caught between key moving averages, as the US Dollar remains strong amid the Fed’s restrictive policy.
Gold retraced some gains on Wednesday but remains in an uptrend, with key support at $2,900 and a long-term target of $3,000.
USD/RUB continues its bearish trend, testing key support at 90.00 as U.S.-Russia peace talks influence market sentiment, with resistance at 91.95 in focus.
The EUR/USD pair struggles below 1.0515 resistance as bearish pressure builds, driven by Fed policy uncertainty and geopolitical risks, with support at 1.0370 in focus.
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Gold surges near record highs as trade tensions, Federal Reserve policy, and safe-haven demand fuel bullish momentum, with $3,000 per ounce in sight.
GBP/USD continues to push higher, testing resistance at 1.2750, as traders assess interest rate differentials and US dollar momentum.
Bitcoin continues to consolidate between $90K and $110K as traders weigh US regulatory uncertainty and the Federal Reserve's monetary policy stance.
USD/JPY attempts to stabilize near the 200-day EMA, with traders watching ¥150 support amid Japan’s rising yields and ongoing market volatility.
USD/CHF stabilizes at 0.90 support, with traders watching for a potential breakout above 0.92 amid Fed hawkishness and Swiss rate cuts.
USD/CAD stabilizes post-Presidents’ Day, with traders watching tariff developments and technical levels at 1.42 and 1.43 for market direction.