An excellent earnings report, low valuations despite a massive rally, and expanding profit margins create an intriguing AI play. Will the rally continue in Micron Technology?
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
Bitcoin remains within a consolidation pattern but is looking more bullish as it rises towards $90k.
NVIDIA spikes on fresh OpenAI-related enthusiasm, with strong support below and momentum pointing toward a potential move back to $200.
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EUR/CHF remains stable near 0.92 support, with SNB intervention risks making the pair a key gauge for broader Swiss franc behavior.
GBP/CHF holds firm at key support near 1.06, with SNB dynamics and daily carry favoring long setups as momentum begins to build.
The Nasdaq 100 surged on renewed AI optimism and year-end positioning, with the strong uptrend intact and buyers targeting a potential move toward 26,000.
AUD/USD has pulled back slightly but remains bullish above key indicators, with RBA expectations supporting a potential rebound toward 0.6700.
GBP/USD remains stable above key trend indicators despite recent pullbacks, with a bullish bias intact while resistance at 1.3460 and support at 1.3300 define direction.
EUR/USD remains bullish above key trend levels after the ECB decision, with momentum indicators and a bullish flag pattern pointing toward 1.1800.
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The EUR/USD has gone into this weekend near the 1.17091 ratio which is around lows seen on Wednesday and Friday before producing slight upticks.
Despite lower US inflation, the market remained focus on a weak Japanese Yen and soaring precious metals as the Christmas holiday approaches.
WTI Crude Oil will begin Monday’s trading near the 56.530 vicinity depending on the brokers’ platform being used, this as the commodity continued to swim within lower depths during last week’s trading.
Discover this week’s outlook for forex, Bitcoin, and indices. Key support, resistance, and market sentiment ahead of Christmas.
RBI intervention has paused the rupee’s slide and anchored USD/INR above 90, but markets keep buying dollars on dips amid global risks and a still-supportive Fed outlook.
USD/CHF remains stable after CPI data, with SNB influence and long-term rate dynamics supporting a bullish bias within the current range.