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.
Bitcoin bounced from the $80K level after a hard crash, forming a bullish hammer, but strong overhead resistance and weak market sentiment keep the broader trend bearish.
The NASDAQ 100 staged a strong Friday rebound, but traders are watching the 50-day EMA at 24,831 as the next critical resistance level amid lingering volatility.
Bearish indicators and rapid falls in price show that cryptocurrency has entered a new bear market.
Soft demand for used cars and changing insurance patterns versus higher average selling prices and decreasing costs. Should you buy Copart at support?
A narrowed full-year revenue outlook after a decent quarter, battling with decreasing profit margin and a rising debt-to-equity ratio. Is Quest Diagnostics a sell after earnings?
Bitcoin is looking stronger after last week’s sharp fall, holding up above $85,369 and threatening a new bullish breakout beyond $88,487.
Superb cash generation, cost-cutting plans, and investments to improve customer experience and loyalty create a bullish narrative for Verizon at low valuations. A collect dividend call?
USD/CAD remains supported above 1.40, with buyers stepping in on pullbacks as strong fundamentals and weak oil prices favor a gradual climb toward 1.4250.
The Euro failed to hold Friday’s bounce against the U.S. Dollar, with persistent selling pressure and strong resistance pointing to a potential breakdown below 1.14.
Silver tested key support near $47 on Friday amid fading volume and rising volatility, with a break below threatening a major selloff while resistance looms at $50.
The British Pound continues to weaken against the U.S. dollar, with strong resistance at 1.32 and a potential death cross signaling deeper downside ahead.
Gold remains trapped in a choppy range near $4,000, with weakening momentum and volume hinting at a major breakout or breakdown on the horizon.
USD/ZAR is rebounding as SARB rate cuts and US dollar strength weigh on the rand, with the pair eyeing a potential breakout toward 18.00.
USD/MXN remains range-bound as Banxico’s rate cuts aim to counteract a weakening economy, while traders await US data and Fed clarity for a potential breakout.
AUD/USD hovers near neckline support as a bearish head-and-shoulders pattern points to a potential drop to 0.6400, with traders eyeing upcoming inflation and US confidence data.
