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
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.
Gold prices remain bullish near $3670 ahead of the Fed’s expected 0.25% rate cut, with markets eyeing a breakout toward $3720–$3780.
USD/SGD trades near 1.2765 ahead of the Fed’s expected 0.25% rate cut, with volatility likely as markets gauge guidance for October.
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The USD/BRL dropped under 5.3000, trading at lows not seen since June 2024, as traders await today’s Fed rate cut decision. With bearish momentum intact, volatility is expected depending on the Fed’s outlook for October and beyond.
USD/INR fell toward 88 support on Tuesday as markets awaited the Fed’s decision, with traders watching for clues on whether the long-term bullish trend will continue.
The S&P 500 gave back early gains Tuesday, with markets cautious ahead of the Fed decision, eyeing 6,500 support and 6,700 resistance.
NZD/USD is eyeing the 0.60 resistance level, with traders awaiting the Fed decision to confirm a breakout toward 0.6150 or a pullback to 0.5933.
Ethereum rebounded from $4,500 support, forming a bullish hammer, with traders watching $4,800 upside and $4,200 downside levels.
The GBP/USD is bullish toward 1.38, but Fed and BoE decisions could spark sharp volatility and trend shifts.
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Natural gas steadies near $3, with winter demand and the November contract rollover set to shape the next bullish leg.
The NASDAQ 100 continues higher toward 25,000, but with the Fed decision looming, traders should watch for potential pullbacks before the next rally.
WTI crude oil continues to trade within a tight $62–$65 range, with the Fed decision set to drive the next breakout or pullback.
EUR/USD is pressing the 1.18 barrier, with markets cautious ahead of the Fed but bulls eyeing a possible breakout toward 1.20.