WTI crude oil struggles below $65, with traders watching Fed policy, global trade, and geopolitical developments for the next breakout signal.
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 US dollar is consolidating against the Swiss franc near the 50-day EMA, with traders watching Fed policy shifts and the franc’s safe-haven appeal.
Bitcoin retreats after a false breakout, with risk-off sentiment pushing prices toward $115K support as traders await the Fed’s September statement.
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Gold remains rangebound with $3,500 acting as a key barrier, while traders eye potential breakouts toward $3,800 or pullbacks toward $3,200.
The US dollar is consolidating between major moving averages against the yen, with traders watching for a breakout above 148 or a slide below 145.
With rising geopolitical tensions and NATO-backed defense spending, top war stocks like Lockheed Martin and Leidos Holdings offer strong long-term value through innovation, government contracts, and resilient earnings.
The AUD/USD pair is trading in a tight range near 0.6500 as traders digest mixed Australian employment data and await policy signals from the upcoming Jackson Hole Symposium.
The BTC/USD pair has formed a bearish double-top pattern near 123,000, suggesting a potential pullback toward 112,000 as Fed policy uncertainty and Ethereum momentum weigh on sentiment.
The GBP/USD pair is gaining bullish momentum, driven by strong UK GDP data and stagflation concerns in the US, with technical indicators pointing to further upside toward 1.3785.
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The EUR/USD pair is showing bullish potential after forming an inverse head and shoulders pattern, supported by resilient U.S. data and anticipation of upcoming ECB and Fed decisions.
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The EUR/USD has gone into this weekend near the 1.17025 mark, this after buying returned in force after a momentary push lower on Thursday in the wake of contradictory U.S inflation numbers.
The price of WTI Crude Oil futures went into this weekend near the 62.100 ratio, having produced results which remain near important short, near and mid-term lows.
This week’s forecast covers Bitcoin, NASDAQ, gold, silver, and key currency pairs as markets show signs of exhaustion and await September flows.
The NASDAQ 100 whipsawed on Thursday as hotter US PPI data fueled doubts over Fed rate cuts, creating turbulence near the 24,000 mark and prompting buy-on-dip strategies.