The Euro rebounds against the Swiss Franc as central bank rate cuts spark volatility, with key support and resistance levels guiding short-term opportunities.
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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EUR/USD drops to 1.0480 under selling pressure as markets anticipate an ECB rate cut and monitor US PPI and jobless claims data.
For the second consecutive week, bulls have controlled the direction of the US dollar against the Japanese yen (USD/JPY) with gains reaching the resistance level of 152.83 today, the pair's highest level in two weeks.
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GBP/USD hovers near 1.2738, awaiting US PPI data, with bullish potential toward 1.2840 if market sentiment improves.
Gold surges to $2,721 as US rate cut expectations and Chinese gold purchases boost bullish momentum, with targets at $2,732 and $2,755 in sight.
USD/PKR edges higher near 278.0000 resistance under tight control from Pakistan's central bank, with traders eyeing potential reversals.
USD/MYR pushes to 4.4350 as traders weigh ECB and Fed rate cuts, with resistance at 4.4400 signaling cautious market sentiment.
Bitcoin recovers to $100,500, driven by ETF inflows, Fed rate cut prospects, and favorable crypto policies, with BTC/USD targeting $106,000 resistance.
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.
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EUR/USD dips to 1.0495 as markets await the ECB’s 0.25% rate cut, with bearish sentiment targeting 1.0400 support.
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.