A solid earnings report with an upgraded outlook sent shares to a four-year high, but valuations remain disconnected from reality. Should you sell the post-earnings spike?
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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Bitcoin continues to consolidate around the key $100,000 level, with a breakout toward $108K or a breakdown to $92K likely depending on momentum shifts.
Gold is consolidating around $4,000 as it digests prior gains, with $3,900 acting as key support to sustain the broader bullish trend.
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Crude oil remains under pressure as rallies toward $60–$62 face resistance, with abundant global supply and economic uncertainty keeping bulls cautious.
Bitcoin is looking stronger as risk sentiment improves, breaking above $104,500 and threatening a new bullish breakout beyond $106,403.
The Nasdaq 100 remains in a broader uptrend despite weakness near 25,000, with traders watching for a bullish bounce to reenter long positions.
AUD/USD trades near key support at 0.6500, with technicals pointing to a potential breakdown toward 0.6400 as bearish momentum builds.
GBP/USD is staging a short-term rebound but a break-and-retest of the 1.3141 neckline suggests further downside toward 1.3015 amid bearish technical signals.
EUR/USD is showing signs of a fading rebound after hitting 1.1567, with technicals and Fed-ECB divergence pointing toward a likely return to 1.1260 support.
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Stock markets and the US Dollar lost ground last week against a backdrop of increasing nervousness about tech overvaluation and an increase in the perceived probability that the Fed will cut rates next week.
The EUR/USD went into this weekend near the 1.15638 ratio, this after producing a solid reversal higher after hitting lows around 1.14675 on Wednesday.
WTI Crude Oil has gone into this weekend within lower values once again and closed Friday’s trading via futures around the 59.495 ratio.
Weekly market overview: key forex pairs, gold, oil, Bitcoin, and natural gas show mixed trends and volatility.