USD/JPY rebounds from 158 support and the 200-day EMA as carry trade demand, resilient dip buying, and elevated US rates keep the Dollar supported.
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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Natural gas gaps lower as weak seasonal demand, heavy US storage, $3 resistance, and supply glut concerns keep rallies vulnerable to selling pressure.
EUR/CHF slips from the 0.94 area as Middle East risks, Swiss franc safety flows, carry trade support, and 50-day EMA demand shape the outlook.
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AUD/USD remains in an uptrend as traders watch FOMC minutes, Australian wage data, jobs figures, 50-day EMA support, and RBA expectations.
BTC/USD remains stuck in consolidation as ETF outflows, rising bond yields, stock market rotation, and weak crypto policy momentum pressure Bitcoin.
GBP/USD extends its rally as traders watch UK jobs data, US inflation, FOMC minutes, BoE expectations, and an inverted head-and-shoulders pattern.
EUR/USD pulls back after reaching a multi-month high as FOMC minutes, European inflation data, Middle East risks, and a shooting star pattern shape the outlook.
AUD/USD Rally Faces a Crucial Test From Jobs and Geopolitics
Bitcoin’s (BTC) recent price action is leaving traders with fewer reasons to dismiss the possibility of another leg lower.
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Silver at Its 200-Day EMA: What Is Holding It Back?
EUR/ZAR rebounds near 18.60 as German yields rise, but negative carry, 50-day EMA resistance, rand strength, and selling pressure limit upside.
AUD/USD continues its slow bullish grind as RBA rate hike expectations, commodity exposure, 50-day EMA support, and dip-buying demand support the Aussie.
CAD/CHF struggles near 0.5850 but remains supported by widening rate spreads, Golden Cross momentum, Swiss franc weakness, and crude oil volatility.
USD/JPY remains bullish as carry trade demand, 200-day EMA support, dip-buying flows, and Japan’s debt burden continue to favor the Dollar.
USD/MXN Nears 17.00: Why the Downward Momentum Matters