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.
An excellent return on equity and a growing presence in neuroscience have boosted this stock, but while valuations are sky-high, operating and profit margins are falling. What will happen after price action has formed a double top formation?
AUD/USD is consolidating within a bearish pennant pattern near 0.6472, with technicals favoring a breakdown toward the June low of 0.6375 despite strong Australian data.
Bitcoin steadies above $112K as bulls defend key support despite ETF outflows and macro risks; next target is $120K if momentum resumes.
The GBP/USD pair is consolidating near 1.3300 ahead of a highly anticipated Bank of England rate cut, with bearish momentum likely to extend the downtrend toward 1.3145 if key resistance at 1.3370 holds.
The EUR/USD pair is consolidating near the 50-day EMA at 1.1570 following mixed PMI reports, with upcoming EU retail sales data and Fed policy signals likely to determine its next move toward either 1.1395 support or 1.1700 resistance.
The EUR/USD pair is stabilizing near the 1.15 zone as investors digest weak US jobs data, with rising expectations of a Fed rate cut boosting the euro’s recovery potential toward 1.16 and beyond.
Gold prices have rallied for a third straight session toward $3388 per ounce as weak US jobs data and rising rate cut expectations weaken the US dollar and fuel safe-haven demand.
The S&P 500 has rebounded to 6,335 after last Friday's sharp selloff, with bullish sentiment resurging as traders eye a return toward record highs.
The Nasdaq 100 surged back above 23,000 on Monday after last week's sharp reversal from record highs, though market sentiment remains volatile and cautious.
The US dollar climbed against the Swiss franc on Monday, buoyed by rising yields and support near the 0.80 level, as traders watch for a breakout above recent highs.
The New Zealand dollar weakened on Monday, retreating below the 200-day EMA as bearish momentum resumed and global risk sentiment deteriorated.
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.
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.
