The New Zealand dollar weakened on Monday, retreating below the 200-day EMA as bearish momentum resumed and global risk sentiment deteriorated.
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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Natural gas prices fell below the key $3.00 level as mild weather and weak seasonal demand pressure the market toward a potential breakdown below $2.80.
The NASDAQ 100 rallied sharply on Monday, recovering from Friday’s sell-off as technical support holds and bullish momentum looks set to resume.
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Crude oil prices fell sharply to start the week, pressured by rising global supply and weakening economic signals, with $65 acting as critical support.
EUR/USD is consolidating near the 50-day EMA after Friday’s surge, with key levels at 1.14 and 1.16 likely to determine the next major move.
The British pound’s rally faltered near the 1.3350 resistance level, with technical signs pointing to a potential decline toward 1.27 if support at 1.3135 breaks.
The USD/JPY pair is consolidating just under the 200-day EMA near 148, with traders watching for a breakout toward 151 or a drop back toward 146 if momentum fails.
The USD/CAD pair is hovering near key technical levels as traders brace for Canadian employment data, with 1.39 resistance and 1.3550 support defining the next breakout path.
The excessive PEG ratio overshadows low valuations and prices close to its book value. Balance sheet issues flash a red flag, and this regional bank engages in one practice that could lead to a lower share price. Is it time to sell the rallies?
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A good return on equity, a healthy profit margin, and an ongoing restructuring plan to become a digital-first multichannel tech retailer, make a compelling long-term buying case for BBY, but how resilient is the consumer? Is it time to buy?
The long-term bullish trend is over, so the price is likely to show more ranging behaviour. A long trade from a bounce near the $1.1500 area looks like today’s best likely opportunity.
AUD/USD extended its pullback from recent highs as disappointing US job figures and renewed tariff fears weighed on sentiment, with bears targeting the 0.6375 level.
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GBP/USD continues to weaken ahead of the Bank of England’s rate decision, with technical indicators pointing to further downside below the 1.3145 support level.
Bitcoin (BTC/USD) climbed above $115K as institutional accumulation and a bullish break-and-retest pattern point to potential gains targeting the $120K level.