USD/CAD slipped to test 1.3750 support, but with the interest rate differential favoring the greenback, a breakout above 1.38 could trigger further upside momentum.
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.
Most Recent
EUR/USD rallied on Thursday but continues to trade in consolidation, with 1.16 as support and 1.18 as resistance as traders await Fed policy clarity.
GBP/USD edged higher on Thursday, with 1.34 acting as strong support and 1.36 capping gains, as low-volume summer trading keeps the pair in consolidation.
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WTI crude oil hovers near $64 with $65 acting as resistance, as oversupply from major producers caps gains and keeps the market choppy.
USD/CHF hovers around the 0.80 mark, with traders watching PCE inflation data to determine whether the pair breaks toward 0.81 or falls to 0.79.
USD/ZAR is bouncing from the 17.50 floor, with a potential bullish breakout above 17.80 targeting the 18.00 level.
EUR/USD trades sideways with a bearish tilt as Fed independence concerns and political uncertainty weigh, with key support at 1.1560 and resistance at 1.1680–1.1770.
Gold is testing the $3,400 resistance as bullish momentum strengthens, with technicals pointing toward $3,460 and possibly $3,500 if the breakout holds.
USD/MXN is consolidating near 18.65 with strong support at 18.63 as traders await U.S. GDP data that could trigger fresh volatility.
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Nvidia stock dipped after earnings but remains fundamentally supported, with traders eyeing $177 support and resistance at $185 for the next breakout attempt.
Avalanche (AVAX) is currently trading near $24.8, holding ground after another attempt to clear the $25 region.
A dismal return on invested capital, shareholder value destruction, and a dubious item in its latest earnings report are red flags. Balance sheet issues add to bearish catalysts, but is it time to go short?
Shareholder value destruction, a weak balance sheet, disappointing long-term revenue streams, and soft demand based on net premiums plague this insurance company. What’s next after a double breakdown?
PayPal stock is holding near $67 support despite negative headlines, with upside potential toward $74–78 if $71 is cleared.
Bitcoin is finding steady support at $110,000, with traders eyeing $114K and $120K as next bullish targets while $104K remains key downside support.