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.
NZD/USD jumped after the RBNZ’s hawkish rate cut, but the pair now faces key resistance and may resume its broader downtrend amid rising US rate cut expectations.
USD/CAD plunged on Wednesday amid rising Fed rate cut expectations, but strong support at 1.40 suggests the broader uptrend could resume after holiday-related volatility subsides.
GBP/JPY surged on Wednesday as the UK budget boosted pound strength and persistent yen weakness supported a continued uptrend toward the 208.50 level.
Ethereum rallied back above $3,000 on Wednesday, showing signs of stabilization after a sharp decline, though long-term concerns remain amid a recent death cross.
The DAX continues to attract strong inflows, holding firmly within its established range as traders eye a potential breakout above 24,500 euros.
The euro fell against the pound following the UK budget, but strong support near 0.8750 suggests a potential bullish reversal as the broader uptrend remains intact.
A third-quarter revenue beat with soft fourth-quarter guidance, excessive valuations, and scepticism about its forward growth are red flags. More downside for Fortinet after its earnings miss?
Declining operating margins, shareholder dilution, and negative earnings-per-share growth drive the bearish narrative for Coinbase. Will the correction continue?
Full FDA approval for one of its drugs, an excellent earnings report, and a deep pipeline support the bullish trend. Is there more room to the upside for Amgen?
USD/JPY drifted slightly higher on Wednesday as holiday-thinned trading dampened conviction, with 154 support and 158 resistance defining the near-term outlook amid persistent rate differentials.
Silver rallied toward the $54 level on Wednesday, but declining volume and thin holiday trading raise doubts about the move’s conviction, with $55 and $50 as key technical levels.
USD/CHF dipped from the 0.81 resistance zone on Wednesday, but bullish momentum remains intact as traders eye value entries near 0.80 or 0.79 during holiday-thinned trading.
The Euro climbed to test the 50-day EMA, but upside momentum remains capped below $1.17 as traders await clearer Fed signals and broader USD direction.
Gold rallied toward $4,200 on Wednesday, but thin holiday trading and past volume resistance raise caution about the move’s durability.
Bearish momentum has slowed to nothing on long-term charts, as this currency pair starts to build towards more bullish price movements.
