The AI wave has driven global equity markets higher and offered protection against market correction. The trend may accelerate as AI hyper-scalers build data centers and require GPUs to run large language models. Given the massive rally in equity markets, with the NASDAQ 100 drawing comparisons to the 1999 Dot-Com Crash era, should you diversify away from AI or double down on it?
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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Following a correction driven by mixed earnings, Molina Healthcare (MOH) presents a compelling long trade setup supported by undervaluation, strong fundamentals, and new Medicaid wins.
After posting better-than-expected second-quarter earnings, 3M sold off as economic issues, higher input costs, and negative earnings growth over the past year overshadowed its outlook. Should investors buy the dip, or sell rallies?
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Nvidia continues to test the critical $175 resistance level, with traders watching for a breakout or pullback toward dynamic support near $165 and the 50-day EMA.
Ethereum remains stuck in a tight range between $3,500 and $3,800, awaiting a breakout likely dependent on Bitcoin's move above $120,000 amid low summer liquidity.
The USD/CHF pair shows signs of exhaustion below 0.80, with traders watching for a breakout above 0.81 or a bearish slide below 0.79 as geopolitical uncertainty boosts demand for the Swiss franc.
Solana (SOL) emerges as a top contender for significant price appreciation, as the cryptocurrency market buzzes with excitement, with analysts starting to see $260 as a realistic target.
Copper remains just below the key $6 level after multiple shooting star patterns, with traders eyeing short-term pullbacks as potential buying opportunities amid bullish fundamentals.
The EUR/JPY pair surged above ¥173 on Friday, fueled by ongoing Japanese yen weakness amid BOJ bond market troubles and a strong Euro uptrend.
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AUD/USD is weakening ahead of a critical week of economic events, with traders anticipating movement from Australia’s CPI and the Fed’s interest rate decision.
BTC/USD is consolidating within a bullish pennant formation, with key macroeconomic data and tech earnings poised to spark a breakout toward the $123,000 level.
The GBP/USD pair has formed a bearish head-and-shoulders pattern and is under pressure following soft UK retail sales, with key US data and the Fed in focus.
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US and Asian stock markets rose to reach new highs, while the US Dollar again declined as Trump’s tariff deadline draws near.
The GBP/USD has gone into this weekend near the 1.34365 ratio, this after touching a high around the 1.35900 vicinity on early Thursday, showing volatility remains a staple of the Forex market for day traders.