Bitcoin has been overshadowed by Gold lately, as it fails to share in the recent rise to new highs and trades sideways.
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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USD/PHP consolidates between 57.75 and 59.00, with traders awaiting a breakout while monitoring key technical levels.
Bitcoin remains range-bound between $90K and $110K, with traders watching Fed policy and a potential breakout toward $130K.
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Gold surges with strong momentum toward $3,000, though traders anticipate a pullback to $2,800 for better entry opportunities.
USD/MXN remains range-bound between 20 and 21 pesos, as traders await US jobs data and monitor the 50-day EMA for directional cues.
USD/JPY tumbles as BoJ hints at policy shifts, but key support at the 200-day EMA and upcoming US jobs data could determine the next trend.
AUD/USD recovers but stays below key resistance, forming a bearish flag pattern as traders watch US jobs data and trade tensions for direction.
GBP/USD climbs as markets anticipate a BoE rate cut, with traders watching key resistance at 1.2610 and upcoming US jobs data for direction.
EUR/USD rises amid easing trade risks and a bullish double-bottom pattern, with traders eyeing resistance at 1.0530 ahead of US jobs data.
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The British pound tumbles against the yen after the BoE rate cut, with further declines likely if yen strength persists and GBP/JPY breaks below 188 support.
EUR/USD attempts to recover but faces resistance at 1.0409, with trade tensions, ECB policy, and upcoming US jobs data determining its next move.
Gold reaches an all-time high at $2,862 as investors seek safety amid US-China trade tensions, a weaker dollar, and expectations of Fed rate cuts.
Bitcoin continues sideways consolidation near $100K, with strong long-term bullish momentum and key levels at $90K support and $110K resistance.
NASDAQ 100 consolidates between 21,000 and 22,000, maintaining its uptrend while traders await a breakout or deeper pullback.
Silver jumps amid strong demand, nearing key resistance at $32.35, with traders eyeing a breakout to $35 or a potential pullback to $31 support.