The big round number is a major pivotal point, strong US CPI data today might cause a bearish breakdown below this level in line with the long-term trend.
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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The AUD/USD pair continued its downtrend after the Reserve Bank of Australia (RBA) left interest rates unchanged as was widely expected.
During my daily analysis of the USD/JPY pair, we broke above the crucial ¥152 level, an area that of course is rather important.
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During my daily analysis of the major currency pairs around the world, the USD/CHF pair has captured my attention as we have seen a fairly significant bounce during the trading session on Tuesday.
In my daily analysis of exotic currency pairs, the USD/MYR currency pair has caught my attention as we are sitting between 2 of the biggest moving averages that traders follow.
In my daily analysis of the GBP/JPY pair, we have seen a lot of strength coming out of the British pound, or perhaps more to the point, we have seen a lot of weakness coming out of the Japanese yen.
During my daily analysis of Bitcoin, the first thing I noticed is that we of course are dropping again, and it looks like the $100,000 level will continue to see a lot of selling pressure.
Gold stabilizes near $2,658, supported by geopolitical tensions and safe-haven demand, with bulls targeting $2,700 resistance.
EUR/USD approaches 1.0500 support as risk aversion grows, with ECB decisions and US inflation data shaping near-term moves.
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Copper rallies on inflation and potential Chinese stimulus, targeting $4.50 as support holds firm at $4.
The USD/BRL remains within sight of record price levels as financial institutions appear to remain nervous regarding Brazil’s fiscal policies and support levels prove durable.
Though not a tidal wave of price velocity, the USD/SGD has managed to demonstrate movement lower, yesterday’s declines have sustained the near-term trend as sentiment appears to be shifting.
ASX 200 rises ahead of the RBA meeting, with traders eyeing policy signals and commodity markets for further direction.
During my daily analysis of the silver market, it has become obvious that we finally broke above the crucial $31.50 level that I have been talking about, and now are in a major move higher.
The Australian Dollar remains weak after the Reserve Bank of Australia strongly hints at further rate cuts in 2025.