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.
The U.S. Federal Reserve aligned with market expectations for an interest rate cut this week, as Chair Jerome Powell announced a 25-basis-point rate cut on Wednesday, sparking a buy-the-rumor, sell-the-news reaction in Bitcoin (BTC) and the broader crypto market.
USD/MXN is showing a modest rebound, but the broader downtrend remains intact as peso strength continues to dominate due to favorable rate differentials and strong economic ties to the U.S.
Bitcoin retraced early Wednesday gains as traders remain cautious around Fed policy direction, with key support at $110,000 and resistance near $120,000.
EUR/GBP has broken key resistance at 0.8750 and is targeting 0.89, fueled more by persistent GBP weakness than strong euro demand, with a pullback offering potential long entries.
Crude oil is consolidating below $62, with supply-heavy fundamentals and macroeconomic risks capping upside, while a drop toward $58.50 remains a plausible scenario.
Gold is consolidating around $4,000 as traders await central bank decisions, with downside risk toward $3,800 if support at the 50-day EMA fails.
Industry-leading return on equity and profit margins, pricing power, and brand loyalty support more upside. What’s next for Coca-Cola after its earnings beat?
An excellent return on assets, superb profit margins, and a growing presence in stablecoins form a solid bullish backdrop. Did the earnings beat make Visa a buy?
The British Pound has been the weakest of all major currencies this week, while the USD got a boost from the Fed yesterday. However, it seems that the price action has put in a bullish bottom which might hold.
Natural gas jumps on the December contract rollover, entering a bullish seasonal window, with pullbacks toward $3.60 seen as buying opportunities.
The Canadian dollar saw short-term strength after the BoC rate cut, but USD/CAD remains poised for a bullish breakout above 1.40 if FOMC guidance favors the greenback.
The FTSE 100 continues its bullish breakout, driven by a weaker pound and expectations of Bank of England rate cuts, with 10,000 as the next key target.
The Canadian dollar rallied post-BoC, but CAD/CHF remains in a strong downtrend, with resistance near 0.58 offering a potential short entry targeting 0.5625.
The DAX continues to find buyers on dips near its 50-day EMA, with support at 23,000 and potential for a breakout above 24,500 toward 25,000.
NZD/USD remains volatile near 0.57725 after a failed breakout, as disappointment over the Fed’s cautious tone keeps bullish ambitions in check.
