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.
The USD/BRL has jumped higher the past handful of days and closed yesterday’s trading near the 5.4331 ratio, this amidst a rather volatile Tuesday of trading after the currency pair had tested the 5.4950 vicinity earlier.
Declining profit margins, rising input costs, and a high 5-year PEG ratio combine for bearish headwinds. Has the rally in Cisco Systems run its course?
USD/CAD holds quiet ahead of the FOMC decision, trading below the 200-day EMA while testing support from a prior downtrend line. Market direction hinges on the Fed’s tone, with key levels between 1.35 and 1.4250 watched for potential movement.
USD/CHF reversed early weakness and is pressing resistance near 0.81, with traders watching 0.8150 and the 200-day EMA for a breakout. FOMC messaging and Swiss National Bank intervention remain central to the pair’s long-term direction.
The cryptocurrency market continues to keep traders on their toes, with sudden spikes and drawdowns liquidating longs and shorts, leaving many befuddled as to what comes next.
Bitcoin trades near $94,900 before the Fed’s expected rate cut, but bearish technicals and a potential "sell the news" reaction threaten a reversal toward $85,000.
GBP/USD remains bullish above key support at 1.3300 ahead of the Fed's rate decision, with technicals pointing to a breakout toward 1.3400 and possibly 1.3500 if dovish signals emerge.
The supportive area above $1.1600 has continued to hold ahead of the Fed’s policy meeting taking place later today.
EUR/JPY pushes above ¥182 as momentum builds after weeks of consolidation. Support near ¥180 and a favorable, stable rate differential underpin the move, while persistent yen weakness continues to drive the pair broadly higher.
Bitcoin shows resiliency after early-session weakness, with traders watching the $93,000 level for a potential recovery. Conflicting chart patterns and the upcoming FOMC decision add uncertainty, leaving the market cautiously optimistic as it searches for direction.
The USD/JPY pair rallied firmly ahead of the Federal Reserve’s rate decision, with traders watching both the expected cut and the press-conference guidance. A break above ¥158 could open a move toward ¥160, while dips remain favored for buying.
Goldman Sachs continued its strong advance ahead of the FOMC statement, supported by expectations of lower rates, a recent IPO acquisition, and upcoming earnings.
GBP/CHF softened slightly after a strong multi-week rebound, with traders watching support near 1.07 and interest-rate differentials that still favor the Pound.
Crude oil remains under pressure as failed rallies confirm persistent bearish momentum. Supply glut and weak demand cap prices below $60, with further downside likely absent a major shock.
Gold prices retreat slightly to $4176 amid US dollar strength and Fed uncertainty, but technicals remain bullish with traders eyeing $4300–$4340 on a breakout.
