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 DAX index bounced from key support at 23,000 and the 200-day EMA, with traders cautiously targeting 24,500 as global sentiment hinges on upcoming signals from the Federal Reserve.
The British pound saw a slight rebound on Monday, but resistance near 1.32 and looming bearish technical patterns suggest further downside could be ahead.
The US dollar regained ground against the Mexican peso on Monday, testing resistance near 18.50 while support at 18.25 remains a pivotal level amid shifting economic sentiment and rate dynamics.
Silver continues to trade in a volatile, low-volume range, with traders eyeing $46.50 for a bearish breakdown or $51.50 for a bullish continuation signal.
The Euro continues to face selling pressure near 1.16, with fading rallies and overhead resistance pointing to a possible move toward 1.14 or even 1.11 if support fails.
Bitcoin shows intraday strength near $80,000 but remains vulnerable below key resistance at $92,500, with a breakdown below $75,000 potentially triggering a sharp move to $60,000.
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.
