USD/TRY rises to 36.12 with forecasts targeting 36.55, as Turkish lira weakens due to monetary policy and high inflation pressures.
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.
Most Recent
EUR/USD upward attempts remain limited near 1.0430 as US inflation data supports dollar strength, with bearish momentum aiming for parity.
Gold prices surged to $2,943, driven by global tensions and safe-haven demand, with bullish momentum eyeing the $3,000 milestone despite US dollar strength.
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USD/JPY surged to 154.80, its best daily performance in two months, as US inflation data fueled bullish momentum and market bets against Fed rate cuts.
GBP/USD trades near 1.2445 as bulls await stimulus, with US inflation driving dollar strength and resistance levels eyed at 1.2585 and 1.2740.
Ethereum trades near the $2400 support level, with low volume and technical factors suggesting a potential bounce or continued sideways movement.
USD/CHF strengthens after hotter-than-expected CPI, with bullish momentum targeting a breakout above 0.92 and potential upside to 0.94.
USD/JPY surges post-CPI, eyeing a breakout above ¥156, with potential upside to ¥158.50, while pullbacks to ¥152 may offer buying opportunities.
Gold remains bullish, holding above $2900 with $2800 as key support, as buyers capitalize on dips amid a consolidating market.
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Bitcoin consolidates between $90K support and $110K resistance, with traders eyeing $100K as a breakout level amid ongoing accumulation.
USD/CAD climbs on hotter-than-expected US CPI, with support at 1.42-1.43 and potential volatility ahead due to lingering tariff uncertainties.
GBP/USD consolidates between 1.2350 and 1.25 amid sticky US inflation data, with the downtrend intact and traders eyeing short-term range opportunities.
Silver pressures $32 resistance, with $31 providing support; a break above $32.50 could target $35 amid volatile, range-bound conditions.
CAD/CHF eyes a breakout above 0.64, with support from the 200-day EMA and risk appetite, as traders anticipate a move toward 0.66.
ZAR/JPY extends gains above key EMAs, with strong interest rate differentials favoring upside to 8.50, while 8.15 offers key pullback support.