EUR/USD remains under selling pressure near 1.1600 as rising European bond yields and risk-off sentiment strengthen the US dollar.
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 USD/BRL continues to trade steadily within its 5.40–5.50 range, with volatility expected to rise ahead of Friday’s U.S. jobs report.
The USD/ILS remains capped below 3.40, trading within its durable 3.30–3.40 range as traders eye U.S. jobs data and upcoming Fed moves.
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The US dollar gave back gains against the Mexican peso on Tuesday, with resistance at the 50-Day EMA keeping rallies capped and 18.50 eyed as key support.
Google (Alphabet) gapped sharply lower to start the week, testing key support near $206, with traders watching $215–$220 as the next upside targets.
The US dollar rallied against the Swiss franc on Tuesday, holding above 0.80 support as traders eye 0.81 resistance and potential signs of a bottoming pattern.
Gold broke above $3,600 with strong volume on Tuesday, confirming a bullish breakout from an ascending triangle and targeting the $3,800 level.
The British pound dropped to the 1.34 support level on Tuesday, with traders eyeing NFP data and key support at 1.32 and resistance at 1.36.
A weak balance sheet and below-average return on invested capital have accompanied the recent rally. What impact will shareholder dilution play? Should you sell the breakdown or invest in the dip?
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Rising coffee prices and pressures on its core suppliers from tariffs create massive headwinds. Starbucks also faces stiff competition from Chinese coffee and tea houses. Is more downside ahead?
Despite better-than-expected economic data, the Australian Dollar resumed its downtrend following yesterday’s breakdown. Is it too late to join the sell-off?
Following a 100+ pips sell-off, bulls have regrouped to form a horizontal support zone, which they re-tested this morning. Will a second breakout lead to a reversal rally?
The S&P 500 fell in premarket trading Tuesday, with traders watching the Fed’s rate cut outlook and upcoming jobs data as a potential catalyst for a correction.
The euro fell back to key support near 1.16 as EUR/USD remains range-bound ahead of US jobs data and the Fed’s September policy statement.
Bitcoin remains indecisive near $110K as traders weigh Fed policy uncertainty, with support at the 200-day EMA and resistance at the 50-day EMA.