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.
Excellent profit margins despite pricing pressures, revenue woes, and an ongoing cost-cutting initiative may weather the turbulence. Can the price action delivery continue for FedEx?
Negative cash flow from operations, a debt-to-equity ratio among the worst in its industry, and declining dividend yields raise major red flags. Should you head for the exit at Wells Fargo?
Bitcoin price action remains turbulent after the FOMC meeting, with Powell's mixed comments on inflation and employment stirring uncertainty. With BTC stuck between $88K and $94K, traders await a decisive move for clarity.
The New Zealand dollar surged chaotically post-FOMC, reacting more to Powell’s unclear messaging than the rate cut itself. With price now at the critical 0.58–0.5830 resistance zone, a decisive breakout or rollover is likely in the coming days.
The Australian Dollar is not one of the stronger major currencies, but USD weakness continues to provide a bullish bias here if the price remains above $0.6629 support.
USD/CAD remains choppy ahead of the FOMC and Bank of Canada meetings, with traders eyeing Powell’s tone for clues on future rate cuts.
EUR/USD remains range-bound ahead of the FOMC decision, with the pair hovering around 1.16. Traders are watching Powell’s tone for clues on future rate cuts. Without a dovish surprise, fading rallies remains the preferred strategy.
USD/JPY holds firm ahead of the FOMC decision, with traders watching for Powell’s press conference tone to guide rate expectations.
AUD/USD remains choppy ahead of the FOMC announcement, with key resistance near 0.67 and traders watching for signs of exhaustion or a breakout. The upcoming Fed press conference is expected to drive the pair’s next move.
The USD/ZAR pair is testing support near the 17.00 level as traders await the Fed’s rate decision. A break below 16.90 could signal a deeper move lower, driven by commodity strength, carry flows, and shifting Fed expectations.
The BTC/USD pair is hovering near $92,000, but technical signals—including a bearish wedge and weakening trend strength—point to a potential pullback.
The GBP/USD pair extended its bullish trend following the Federal Reserve’s third rate cut of the year, surging to 1.3381 as traders eye 1.3500, backed by strong technical momentum and a weaker US dollar.
The EUR/USD pair rose to 1.1692 after the Federal Reserve’s expected rate cut and hawkish comments from the ECB.
The performance of the gold price index on the daily chart hints at a strong forthcoming move in either direction, and today's most significant event—the US Central Bank announcement—may be the catalyst for this to occur. Spot gold prices have been moving in extremely narrow ranges during recent trading sessions, oscillating between the support level of $4163 per ounce and the resistance level of $4259 per ounce. According to gold trading platforms, the yellow metal's index is stabilizing around the $4205 per ounce level.
Dear reader, as observed in market performance, the EUR/USD pair is showing stability within a short-term ascending triangle pattern, with the price currently testing the horizontal resistance level at the psychological mark of 1.1650. This chart pattern typically signals bullish continuation, suggesting the possibility of an upward breakout. The EUR/USD is trading around the 1.1645 level, hovering just below the resistance area that has capped gains since late November.
