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.
Crude oil is attempting a short-term bounce from recent lows, but oversupply, weak demand, and resistance near $60 continue to favor bearish momentum within a defined range.
Gold remains stable above $4,000 in quiet holiday trading, with key resistance at $4,200 and support at $3,950 defining the next major move.
The S&P 500 Index has bounced off its 100-day EMA and reclaimed the Ichimoku cloud, driven by a resurgence in AI stocks, with bulls now targeting the all-time high at $6,900.
The Nasdaq 100 Index is holding above the Ichimoku cloud and key EMAs ahead of major tech earnings, with bullish momentum suggesting a potential retest of its all-time high near $26,143.
A third-quarter earnings beat, a narrowed full-year EPS guidance, and a series of price target downgrades spell potential trouble. Is more selling on the horizon for Duke Energy?
US Dollar a bit weaker on increasing chance of a Fed rate cut, but further significant gains look unlikely today even if $1.3128 is breached.
AUD/USD trades near key support as markets await Australia’s CPI data, with a bearish technical setup pointing to a potential slide toward 0.6350.
Bitcoin (BTC/USD) rebounded to $88,500 amid dip buying and Fed rate cut optimism, with technicals suggesting a potential push toward the $91,000 resistance zone.
EUR/USD fell to 1.1520 after the Supertrend indicator signaled a bearish breakout, driven by rising Fed rate cut expectations and weak macroeconomic sentiment, with 1.1385 now in focus as key support.
EUR/USD continues to struggle below 1.16 as bearish momentum builds, with traders eyeing key support at 1.1470 and awaiting economic signals from both sides of the Atlantic.
Gold (XAU/USD) remains range-bound near $4065 as neutral momentum persists, with traders watching $3970 and $4130 for the next breakout signal amid looming US data and holiday-thinned trade.
The US dollar dipped to 156.50 against the yen on Friday but remains supported by strong rate differentials and long-term bullish sentiment.
The euro is showing renewed strength against the Swiss franc, holding above the key 0.92 support as bullish momentum builds toward the 0.9350 resistance level.
Bitcoin bounced from the $80K level after a hard crash, forming a bullish hammer, but strong overhead resistance and weak market sentiment keep the broader trend bearish.
The NASDAQ 100 staged a strong Friday rebound, but traders are watching the 50-day EMA at 24,831 as the next critical resistance level amid lingering volatility.
