The DAX continues to weaken, with 23,000 acting as critical support as German layoffs and global slowdown fears weigh heavily on the index.
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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USD/MXN rebounded on Wednesday, testing resistance at 18.50 as traders await the FOMC decision and press conference that could trigger sharp volatility.
Contracting profit margins, a high debt-to-equity ratio, and falling income potential from fixed income do not bode well for this bank. Is a breakdown pending?
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An excellent return on invested capital, superb operating margins, and a total shareholder return of almost 50% over the year make a compelling investment case. Should you buy the sell-off?
The launch of the first Dogecoin ETF ($DOJE) signals a new era for memecoin investing, with analysts predicting major inflows, rising legitimacy, and potential to ignite the next crypto bull run.
The Australian Dollar has been losing ground over most of this week but has jumped higher as the London session got underway today.
Silver pulled back before the FOMC, but traders eye $40 as strong support and a potential dovish Fed pivot that could spark a breakout above $45.
Bitcoin eased near $117K before the FOMC, with Fed policy set to decide if BTC rallies toward $120K or forms a bearish lower high.
EUR/USD eases before the FOMC, with Powell’s tone set to decide whether the pair pushes toward 1.20 or faces renewed U.S. dollar strength.
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GBP/USD stays bullish above 1.36 ahead of the FOMC, with traders watching 1.37–1.38 resistance as Fed risks could trigger sharp volatility.
Gold pulls back ahead of the FOMC decision, with traders watching $3,600–$3,650 support as a springboard toward the $3,800 bullish target.
BTC/USD holds near $116K post-Fed cut as ETF demand stays strong, but a rising wedge signals risk of a pullback toward $110K before fresh highs.
The GBP/USD pair trades near 1.3720 as markets digest the Fed’s rate cut and await the BoE decision, with UK inflation keeping pressure on policymakers.
EUR/USD is consolidating near 1.1850 after the Fed’s 0.25% rate cut, with bulls targeting the key 1.2000 level as the uptrend remains strong.
The euro climbed to a 4-year high at 1.1878 against the dollar, with markets eyeing 1.20 if the Fed confirms a dovish outlook.