The Turkish lira stabilizes as the government issues its first dollar bonds of 2025, while USD/TRY remains in an upward trend, targeting resistance at 36.25.
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
Gold prices hit a record high of $2,882 per ounce, driven by rate cut expectations, geopolitical tensions, and economic uncertainty, with potential for further gains.
EUR/USD struggles to rebound as economic concerns, US tariffs, and ECB policy keep the pair in a strong downtrend, with traders awaiting US jobs data for direction.
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USD/JPY drops to a two-month low as the yen strengthens on BoJ tightening signals and risk-off sentiment, with traders awaiting US jobs data for further direction.
The British pound tests key resistance before the BoE rate decision, with upcoming statements and US jobs data likely to drive significant market volatility.
The NASDAQ 100 continues consolidating between key support at 21,000 and resistance at 22,000, with long-term bullish momentum driven by strong tech demand.
The euro surged to the 50-day EMA but faces strong resistance, with technical indicators and economic factors suggesting further downside potential.
The US dollar has weakened against multiple currencies, including the Swiss franc, but with the 50-day EMA near 0.90 and Swiss rate cuts, value-seeking traders may look to buy.
USD/CAD tests the 50-day EMA near 1.43, as traders await US and Canadian employment data to determine the pair's next direction.
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USD/MYR remains within its established range after early volatility, as traders focus on support at 4.4300 and market reactions to US economic data.
USD/INR climbs to record levels, with traders watching the Reserve Bank of India’s policy moves and potential rate cut for further direction.
Bitcoin has been overshadowed by Gold lately, as it fails to share in the recent rise to new highs and trades sideways.
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.
Gold surges with strong momentum toward $3,000, though traders anticipate a pullback to $2,800 for better entry opportunities.