Full FDA approval for one of its drugs, an excellent earnings report, and a deep pipeline support the bullish trend. Is there more room to the upside for Amgen?
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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USD/JPY drifted slightly higher on Wednesday as holiday-thinned trading dampened conviction, with 154 support and 158 resistance defining the near-term outlook amid persistent rate differentials.
Silver rallied toward the $54 level on Wednesday, but declining volume and thin holiday trading raise doubts about the move’s conviction, with $55 and $50 as key technical levels.
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USD/CHF dipped from the 0.81 resistance zone on Wednesday, but bullish momentum remains intact as traders eye value entries near 0.80 or 0.79 during holiday-thinned trading.
The Euro climbed to test the 50-day EMA, but upside momentum remains capped below $1.17 as traders await clearer Fed signals and broader USD direction.
Gold rallied toward $4,200 on Wednesday, but thin holiday trading and past volume resistance raise caution about the move’s durability.
Bearish momentum has slowed to nothing on long-term charts, as this currency pair starts to build towards more bullish price movements.
AUD/USD rebounded on strong Australian inflation data, reducing RBA rate cut expectations, though technical resistance near 0.6600 may cap further gains.
BTC/USD broke above the $90,000 resistance as oversold conditions and Fed rate cut optimism fueled a bullish reversal, with $95,000 in sight.
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GBP/USD extended gains following the UK budget speech, but looming tax hikes and technical resistance near 1.3230 suggest the rally may soon face headwinds.
Gold prices remain bullish above $4160 as expectations of a Fed rate cut lift sentiment, but further gains depend on breaking the critical $4220 resistance level.
EUR/USD is stabilizing near 1.1560 amid improved sentiment and mixed US data, but technical indicators and Fed policy uncertainty keep the pair within a cautious bearish trend.
AUD/NZD plunged as rising Australian inflation raised the odds of RBA hawkishness, while New Zealand’s dovish policy stance continued to weigh on the Aussie cross.
USD/BRL is rebounding from a key double-bottom support near 5.27, with bullish technical signals and economic divergence between Brazil and the U.S. supporting upside potential.
The Nasdaq 100 edged lower on Tuesday, holding near critical support at 25,000 amid consolidation, as rate cut speculation and holiday-thinned volume shaped market behavior.