The average return on invested capital lags its peers, its share count continues to rise, and valuations are high. Is a more severe sell-off on the horizon?
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.
Most Recent
Ethereum is consolidating between $4200 and $4500, with a breakout higher setting up a bullish signal targeting $4900.
USD/CHF remains rangebound near 0.79 support, with upside potential toward 0.81 if a double bottom holds and risk sentiment stabilizes.
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Bitcoin is holding above $110K and the 50-day EMA, with bullish momentum targeting $117K–$120K while $108K remains key downside support.
USD/CAD remains rangebound below the 200-day EMA, with support at 1.3750 and resistance near 1.40 as Fed policy and Canada’s weak outlook drive sentiment.
USD/ZAR is testing support near 17.50, with a breakdown below 17.40 opening downside risk toward 17.00 as global risk appetite drives Rand strength.
Nvidia shares surged 4% toward $185 on bullish AI momentum and strong cash outlook, with pullbacks viewed as potential buying opportunities.
EUR/USD remains rangebound between 1.16 and 1.18 as traders await Thursday’s ECB decision for direction.
USD/JPY remains rangebound near 146.50 with bullish bias intact, supported by interest rate differentials and anticipation of Thursday’s US CPI release.
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USD/INR consolidates near 88.00 with potential for a breakout above 88.50 or a short-term dip, as trade tensions and global growth concerns drive sentiment.
GBP/JPY remains bullish above 198.00 support as it tests the major 200.00 resistance, with interest rate differentials and global risk sentiment in focus.
BTC/USD is trading near $113,200 within a rising wedge pattern, indicating a potential bearish reversal as markets price in aggressive Fed rate cuts.
GBP/USD is consolidating above support with a bullish inverse head and shoulders pattern as markets await Fed and BoE rate decisions.
EUR/USD trades with a bullish bias ahead of the ECB decision and US CPI data, supported by a technical breakout setup targeting 1.1830.
The Australian Dollar has been losing ground against the greenback since it made a significant new high yesterday.