Bitcoin recovers to $100,500, driven by ETF inflows, Fed rate cut prospects, and favorable crypto policies, with BTC/USD targeting $106,000 resistance.
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 forms a bearish rising wedge and nears a death cross, with traders eyeing 1.2650 amid UK GDP data and upcoming Fed and BoE rate decisions.
EUR/USD dips to 1.0495 as markets await the ECB’s 0.25% rate cut, with bearish sentiment targeting 1.0400 support.
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Aussie bulls push higher on USD weakness, but bearish price channel remains intact.
The EUR/USD trades near 1.05 after US CPI data, with traders awaiting ECB and PPI announcements while favoring downside momentum overall.
Bitcoin rallies post-CPI, testing $104,125 resistance with potential to hit $110,000, while pullbacks to $97,000 offer buying opportunities.
Ethereum stabilizes above $3,600 as it follows Bitcoin's momentum, with resistance at $4,000 and a potential breakout targeting $4,400.
GBP/USD steadies at 1.2750, with upcoming US PPI and UK GDP data likely to determine a breakout toward 1.30 or 1.26 in the coming days.
The New Zealand dollar rebounded near key support against the yen, with carry trades and limited yen strength signaling a short-term bounce toward 90.00.
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USD/CHF rallies on Fed stability and SNB's dovish stance, with support at 0.88 and potential for higher gains.
USD/CAD remains range-bound, battling resistance at 1.42 and eyeing 1.45, with support at 1.40 offering a strong bullish base.
The US dollar strengthens against the Philippine peso, supported by a break above the 50-day EMA and global risk aversion driving funds into US assets.
The USD/JPY pair rallies, supported by interest rate differentials and the 150 yen level, with a breakout above 153 yen signaling further bullish momentum.
EUR/USD trades near 1.0500 under bearish pressure as US inflation data and the ECB announcement shape market expectations.
Gold breaks $2,700, driven by geopolitical tensions and strong demand, with bulls targeting $2,725 and $2,755 resistance levels.