USD/CAD rallied above the 200-Day EMA, with buy-the-dip sentiment aiming for 1.40 while Powell’s Jackson Hole speech could spark volatility.
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 British pound dropped against the US dollar, with bearish pressure targeting 1.3250 while resistance at 1.36 caps upside ahead of Powell’s Jackson Hole speech.
USD/CHF is testing the 0.81 area with bullish potential toward 0.82, while Powell’s Jackson Hole speech looms as the key catalyst for volatility.
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Gold continues to find support at the 50-Day EMA, with bulls eyeing $3,500 resistance while $3,200 remains the key level that could shift the trend.
Bitcoin faces selling pressure near $112K, with downside risks toward $110K as traders await Powell’s Jackson Hole remarks for market direction.
WTI crude oil bounced Thursday but faces resistance at $65 and remains vulnerable to downside toward $62 amid oversupply and global demand concerns.
Silver bounced from the $37.50 support level, with bullish momentum intact while traders await Jackson Hole for cues on dollar-driven direction.
Natural gas bounced on Thursday, but rallies face resistance near $3.20 while bearish pressure points to potential declines toward $2.50.
EUR/USD consolidates near 1.1625 with a bearish bias, as traders await Eurozone PMI data and Powell’s Jackson Hole remarks for direction.
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Gold (XAU/USD) slips to $3,335 support as the dollar strengthens, with traders eyeing Jackson Hole for Fed policy signals and key levels at $3,310–$3,410.
NZD/USD trades near 0.5819 as bearish pressure builds. Support sits at 0.5817, resistance at 0.5823, with Jackson Hole in focus.
Another dismal earnings report showed a negative return on assets and a negative return on equity. Recent outside investments are unlikely to stem the loss in market share and compensate for the AI miss. What will follow the recent breakdown?
A super return on assets and on invested capital from a conglomerate in the early stages of splitting into three publicly traded companies will unlock shareholder value and provide a strong platform for future growth. Is it time to buy the dip?
USD/ILS hovers near 3.4160 after sustaining a break above 3.40, with Jackson Hole remarks expected to drive volatility as support sits at 3.4130 and resistance at 3.4180.
AUD/USD trades near 0.6422 support, with a double bottom pattern signaling a potential rebound toward 0.6500 while 0.6350 remains key downside risk.