The British pound faces strong resistance at 1.35 and risks a bearish reversal if it breaks below the 50-day EMA, with a target set near 1.32.
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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Bitcoin surged above a key resistance level on Wednesday, setting the stage for a potential rally toward $107,000 as support strengthens on pullbacks.
The Euro continues to test the 50-day EMA against the US Dollar, with EUR/USD locked in a wide range between 1.14 and 1.1850, favoring short-term swing setups.
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The AUD/USD remains stuck in a tight range between 0.6660 and 0.6760, with traders eyeing price action at key support and resistance for breakout clues.
USD/JPY pulled back on Wednesday toward the key 158 support level, but the longer-term uptrend remains intact, with 160 and potentially 162 as bullish targets.
Gold prices remain bullish above key support zones, driven by geopolitical uncertainty, central bank buying, and a breakout pattern targeting the $5,000 level.
Light sweet crude oil is hovering near key resistance at the 200‑day EMA amid ongoing Middle East geopolitical tensions and persistent oversupply that keeps prices range‑bound.
BTC/USD surged past key resistance at $94.9K, with technical indicators and strong ETF inflows signaling a potential rally toward the $100K milestone.
GBP/USD consolidates in a bullish flag pattern as traders await UK GDP data, with technicals suggesting a breakout toward 1.3565 and beyond.
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EUR/USD remains under pressure as geopolitical tensions and strong US retail data drive dollar strength, with technicals pointing toward a test of 1.1500.
The EUR/USD pair is stabilizing after recent losses, with traders watching key U.S. data and Fed uncertainty for the next decisive move.
Gold continues its strong uptrend—reaching all‑time highs near $4,640/oz—as geopolitical tensions and softer U.S. inflation strengthen safe‑haven demand and keep the $5,000/oz target in view.
The Nasdaq 100 failed to hold gains above 25,900 on Tuesday, with rising volatility and shifting sentiment leaving 25,700 as key near-term support.
The S&P 500 reversed from the 7,000 level after a CPI-driven rally, with 6,950 acting as a key support zone amid rising volatility and Fed uncertainty.
The US dollar surged past 159 yen, signaling bullish continuation as carry trade demand and Bank of Japan policy divergence keep buyers in control.