The USD/SGD pair fell sharply to test recent lows near 1.28375 as global risk sentiment deteriorates, with Trump’s Davos speech in focus.
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 USD/BRL continues to trade within a tight range near 5.3750, but upcoming remarks from President Trump at Davos could spark short-term volatility.
The prospect of a renewed US/EU trade war over Greenland could produce wild moves in this currency pair
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USD/JPY experienced major volatility on Tuesday amid rising Japanese bond yields, but strong carry trade dynamics continue to favor the US dollar.
The NASDAQ 100 bounced from key support at 25,000 on Tuesday as traders shifted focus from geopolitical noise to the upcoming earnings season.
Gold prices continue to climb on Tuesday as geopolitical tensions and US dollar weakness fuel bullish momentum, with $5,000 per ounce now in sight.
The Australian dollar is testing major resistance against the USD, fueled by stronger Chinese manufacturing data, RBA rate hike expectations, and rising commodity demand.
The USD/CHF pair slipped amid safe-haven flows into the Swiss franc, but analysts expect a rebound as interest rate differentials and SNB intervention risks favor the dollar.
The AUD/USD pair extended its bullish momentum as the US dollar weakened and traders await key Australian employment data, with 0.6800 as the next upside target.
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Bitcoin price plunged below $90,000 amid rising global risk aversion and technical breakdowns, with bearish momentum likely targeting the $85,000 level.
GBP/USD continues its upward momentum, fueled by a weakening US dollar and strong UK jobs data, with a bullish flag pattern targeting 1.3565 in the near term.
The S&P 500 has pulled back to test the critical 6800 support level amid tariff-related market drama, presenting a possible buy-the-dip opportunity.
USD/CAD fell sharply on Tuesday amid broader dollar weakness and rising oil prices, but key support near the 200-day EMA and 1.3750 could attract buyers.
GBP/JPY pulled back after an early Tuesday rally, but the wide interest rate differential continues to favor buying the pair on dips near the ¥210 support zone.
The Australian dollar is testing the 50-day EMA against the New Zealand dollar, with traders eyeing a potential rebound toward 1.17 or a breakdown to 1.14.