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 Turkish Lira continues its steep decline, with critical support at 0.0255 threatening a further plunge toward 0.0240 if broken.
The EUR/USD pair continues to trade in a narrow range near key support as traders weigh weak eurozone momentum against Federal Reserve policy uncertainty.
The British pound remains stable near key resistance as traders await the Bank of England's rate decision, with a surprise 50 bps cut potentially triggering sharp volatility.
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Gold prices dipped after the US dollar strengthened, but with ongoing uncertainty and trade tensions, the bullish trend remains intact above $3320.
The USD/JPY pair continues to gain strength amid easing trade tensions and dovish central bank signals, with key resistance levels likely to be tested.
The USD/CAD pair is holding at key support as traders await FOMC commentary, with 1.39 acting as a major breakout point.
The German DAX dipped again on Wednesday, pausing its strong rally near €23,500, though the overall bullish trend remains intact.
The FTSE 100 traded flat on Wednesday as investors await Thursday’s Bank of England rate decision, with 8500 and 8700 as key technical levels.
Crude oil briefly hit $60 before retreating as traders weigh OPEC oversupply and upcoming Fed decisions, with $55 and $64 marking key levels.
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Gold prices pulled back Wednesday as risk sentiment improved on US-China trade talk news, but the bullish trend remains intact above key support levels.
Ethereum is stabilizing near $1,800, with traders watching for a breakout above $2,000 or a deeper test of support near $1,500.
The Nifty 50 is gaining bullish momentum amid global trade optimism, with key support at 24,000 and a potential breakout above 25,000.
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Copper slips from session highs despite news of US-China trade talks, with traders eyeing $4.50 and the 200-day EMA as key support zones.
EUR/JPY climbs on bullish momentum with a golden cross forming, targeting the 165 yen breakout zone as long as support near 160 holds.
The Canadian dollar weakens against the Swiss franc, with a breakdown below 0.5950 signaling bearish continuation unless a surprise rally above 0.6050 occurs.