The Turkish lira remains under pressure as USD/TRY climbs, with analysts predicting further weakness amid economic policy criticism and inflation worries.
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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GBP/USD remains firm above 1.26 following stronger UK inflation data, with bulls targeting 1.2690 while traders assess US dollar weakness.
USD/JPY approaches the critical 150.00 support level as safe-haven demand for the Yen rises amid geopolitical tensions and interest rate expectations.
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Gold reached a record high of $2,947 per ounce, driven by geopolitical tensions and Fed policy signals, with traders eyeing the next target at $3,000.
AUD/USD is consolidating near 0.6350, with bullish momentum intact above 0.6300 as traders watch for a move toward 0.6415.
Bitcoin is trading in a tight range, with an ascending triangle pattern suggesting an imminent breakout toward $100,000 or a decline to $90,000.
GBP/USD edged higher after UK inflation data, with technical indicators signaling more upside as traders watch for resistance at 1.2772.
The Euro is one of the weaker major currencies right now, with the US Dollar gaining against it, pushing the price below lower new resistance levels.
Bitcoin continued to consolidate on Wednesday, trading between key support at $90,000 and resistance at $110,000 as investors await a breakout.
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The US Dollar edged higher against the Swiss Franc on Wednesday, finding support at 0.90 as traders eye a potential move toward 0.92.
Ethereum gained slightly on Wednesday, trading within a key support zone, as traders watch for a potential breakout above $2850 to signal further upside.
The US Dollar dipped against the Japanese Yen on Wednesday, encountering resistance at the 200-day EMA while maintaining key support near ¥150.
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.
The British Pound tested 1.14 against the Swiss Franc on Wednesday, with bullish momentum suggesting a possible move toward 1.15 and beyond.