Silver continues consolidating between $35.50 and $37.50, with short-term pullbacks offering buy setups as traders await a breakout toward the $40 psychological level.
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.
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The British pound gave up early gains on Tuesday as hotter-than-expected U.S. data reignited Fed rate hike fears, with 1.3650 emerging as crucial support ahead of the NFP report.
Gold prices rallied Tuesday as the market absorbs strong U.S. job data and prepares for the early NFP release, with bullish momentum eyeing $3,500 despite consolidation.
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Economic uncertainty, declining consumer confidence, and value destruction create a bearish trifecta for UBER that squares off against a global leadership position in ridesharing with a disruptive and controversial effect on the local delivery and transport sector.
Coca-Cola enjoys return on equity and profit margin that ranks among the top of the sector, with pricing power and high brand loyalty, creates an interesting trade against a backdrop of economic uncertainty.
Medium-term bullish trend on improved risk sentiment in global markets has been carrying this pair higher, which will likely continue until tariff fears come into view towards the end of this week.
BTC/USD consolidates above $105K within bullish flag and cup-handle formations, as ETF inflows and Fed rate cut signals boost the outlook for a breakout to new all-time highs.
The GBP/USD pair is extending its bullish rally amid U.S. fiscal concerns and Fed rate cut speculation, with a break above 1.3740 suggesting further gains toward 1.3850.
The EUR/USD pair is poised for a potential pullback ahead of key U.S. labor data and Lagarde’s speech, with 1.1572 acting as crucial support in a broader bullish trend.
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EUR/USD continues to trade near multi-year highs above 1.1780, supported by dollar weakness and ECB stability, with key inflation data and central bank speeches ahead.
Gold (XAU/USD) is attempting to recover after recent losses, stabilizing above $3300 as dollar weakness and dip-buying sentiment support a cautious bullish outlook.
The USD/MXN pair is extending its bearish momentum as it tests key support near 18.73000, with upcoming U.S. job data and budget negotiations adding to volatility risks.
The USD/ZAR pair remains in a bearish trajectory, testing the critical 17.70000 support level amid lingering domestic concerns and upcoming U.S. job data.
The EUR/USD pair continues its bullish climb toward 1.18, supported by dollar weakness and rate cut expectations, though traders eye potential pullbacks near 1.16.