The NASDAQ 100 eased after early gains, with sector rotation and upcoming PPI data shaping near-term sentiment, while Fed rate cut expectations remain a key driver.
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
EUR/USD climbs on rising Fed cut expectations, with technicals pointing to further gains toward 1.1850 if support at 1.1685 holds.
EUR/USD is drifting toward the 1.18 double-top resistance, with a pullback to 1.16 possible, as market focus remains on Fed rate cut expectations.
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GBP/USD is approaching the 1.36 resistance, with traders watching for a breakout toward 1.38, while the 50-day EMA near 1.3433 offers key support.
NZD/CHF is attempting to break above the 50-day EMA, with traders watching for a move toward 0.4850 and 0.50, while support remains near 0.4725 amid choppy, low-volume summer trading.
Amazon shares are climbing midweek, finding support at the 50-day EMA and aiming for the $235 gap, as institutional buying momentum keeps downside risk limited barring a broader market sell-off.
Gold is consolidating near the $3,400 level, with technicals hinting at potential upside if $3,500 is breached, driven by expectations of Fed rate cuts and ongoing geopolitical uncertainty.
EUR/USD gains on weaker US CPI, testing the 1.1700 resistance as traders watch German inflation data and Fed commentary for the next directional cue.
The USD/BRL hovers near 5.4000, aligning with broader USD weakness after soft U.S. inflation data, as traders eye potential dips toward 5.3760 while maintaining cautious risk management.
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USD/SGD hovers near 1.28200 after U.S. inflation data boosted Fed rate cut expectations, with traders eyeing a potential test of the 1.28000 support zone.
Ethereum continues to push higher after breaking $4,000, with traders eyeing $5,000 as Bitcoin struggles at $120,000, and key support zones at $4,000 and $3,400.
Natural gas failed to sustain gains above $3 on Tuesday, with mild weather and soft demand keeping prices under pressure and support at $2.85 in sight.
Bitcoin continues to face strong resistance at $120K, with a breakout eyeing $130K and key support at the 50-day EMA and $110K.
Meta stock remains in consolidation, with strong AI momentum supporting buyers above $745 and a potential breakout toward $800 if $780 resistance breaks.
The British Pound rallied toward 1.3550 after US CPI data weakened the dollar, reinforcing its status as one of the strongest major currencies.