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 EUR/USD exchange rate was unchanged after the latest European inflation data and the weekend German election. The pair was trading at 1.0480, a crucial resistance level, ahead of the upcoming US consumer confidence data. It has risen by 3% from its lowest level this year.
The BTC/USD exchange rate remained under pressure on Tuesday morning as concerns about tariffs and the upcoming tariffs from the United States rose.
USD/JPY is testing support at 1.4850 amid high US vs. BOJ rates. A break above Friday's candle could push it to ¥152.
NASDAQ 100 sits at its 50 Day EMA; despite a double top, bullish sentiment may push it toward 22K.
Gold's uptrend persists with buyers snapping dips near $2800-$2900, setting sights on the pivotal $3000 level.
Bitcoin remains in a tight range near $90K, with support and resistance levels setting the stage for a possible breakout.
The XRP price action has printed a bull flag in the daily chart timeframe, suggesting a strong upward trajectory. Its daily trading volume has further skyrocketed 71% to $$4.01 billion, indicating heightened market activity.
The Turkish lira extends its downward trend, with USD/TRY hitting new highs, despite President Erdoğan's optimism about economic growth and foreign investments.
EUR/USD faces resistance below 1.0500 as investor risk aversion strengthens the US dollar, with traders eyeing German elections and key US data releases.
USD/JPY extended its decline below 150 as BOJ policy signals strengthened the yen, with traders eyeing upcoming US economic data for further direction.
GBP/USD remains in an uptrend after reaching a two-month high, but overbought conditions and UK economic concerns could trigger a pullback.
Gold continues its bullish momentum after hitting $2,955, with traders anticipating a push toward $3,000 as economic uncertainty and central bank policies drive demand.
EUR/USD fell from strong resistance at 1.05, with the pair remaining in consolidation as traders monitor interest rate differentials and risk sentiment.
GBP/JPY reversed from 190 on Friday, with risk-off sentiment driving the pair lower as traders monitor key support at 188 and 187.
AUD/USD plunged on Friday as risk sentiment deteriorated, with traders eyeing key support at 0.63 amid tariff concerns and US economic strength.
