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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Improved risk sentiment has allowed Bitcoin to finally break above the $96,000 area despite the strong US Dollar.
AUD/USD reversed from a recent high after forming a bearish engulfing pattern, suggesting further downside toward the 0.6300 support level.
GBP/USD consolidates within bullish formations ahead of the BoE decision, with eyes on a breakout above 1.3430 and toward 1.3500.
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The EUR/USD pair maintains a bullish outlook above 1.1215 amid Fed caution and potential US-China trade progress.
Gold surged to $3,438 ahead of the Fed meeting, as escalating global trade tensions and technical momentum signal a potential breakout toward the $3,500 mark.
The EUR/USD pair trades steadily near 1.1367 as markets brace for the Federal Reserve’s rate decision and Jerome Powell’s statements, keeping volatility muted.
The US dollar declined against the Canadian dollar on Tuesday amid trade talk stagnation and pre-FOMC caution, with 1.39 remaining a key resistance level.
The USD/CHF pair slipped on Tuesday, testing the crucial 0.81 support zone as traders brace for Fed guidance to shape the next dollar move.
The DAX index reversed early Tuesday losses, signaling potential for a bullish breakout above €23,500 or a dip toward key support at €22,500.
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EUR/GBP formed a bullish hammer on Tuesday, signaling potential upside if 0.8550 is cleared, as traders await Thursday’s BoE rate decision.
The Canadian dollar weakened against the yen on Tuesday, with traders watching ¥102 support and the 50-day EMA as potential inflection points.
Gold continues its powerful bullish trend, with traders awaiting the Fed’s guidance as $3500 looms as the next major resistance.
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USD/JPY struggles to gain momentum near key resistance as markets brace for Fed comments, with 140 yen acting as critical support.
The euro remains range-bound between 1.13 and 1.15 as markets await the Federal Reserve's guidance for direction.
Bitcoin remains in a holding pattern between $90,000 and $100,000 as traders await direction from the upcoming FOMC decision.