Bitcoin hovers near $116K as traders anticipate a Fed rate cut, with bullish momentum building toward the $120K resistance amid strong technical and macro tailwinds.
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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EUR/USD remains range-bound within a triangle pattern ahead of key Fed and ECB rate decisions, with a breakout likely to follow this consolidation phase.
The EUR/USD price will remain in a narrow range pending the market and investor reaction to the US Federal Reserve announcement this week.
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Gold (XAU/USD) is testing the $4,000 support level again as markets brace for a volatile week driven by the Fed’s rate decision and U.S.-China trade talks.
USD/ZAR is challenging the crucial 17.20 support level ahead of the Fed’s rate decision, with traders eyeing a potential move toward September's lows amid speculation.
USD/MXN remains volatile near 18.429 as traders brace for the Fed’s rate cut and guidance, while uncertainty over U.S. data delays keeps price action choppy.
Ether (ETH), the second-largest cryptocurrency by market capitalization, is poised for a massive price breakout, with a classic chart pattern projecting a potential breakout to $10,000.
The USD/CAD pair is consolidating above 1.40 with bullish momentum intact, as soft U.S. inflation data is offset by a weaker Canadian economic outlook.
The German DAX remains supported above its 50-day EMA, with higher lows suggesting continued bullish interest and a possible breakout above €24,500.
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USD/CHF remains range-bound near 0.79–0.81 as traders watch for a bullish breakout; safe-haven dynamics keep movement muted while support holds firm.
Bitcoin continues to trade sideways near $110,000, with traders watching for a breakout above $116K or a breakdown below $107K to signal the next trend.
Apple remains in a steady uptrend, holding above $260 support as traders look to $270 and upcoming earnings as potential bullish catalysts.
The Nasdaq 100 surged past 25,400 on Friday, maintaining its bullish trend with pullbacks viewed as buying opportunities as it targets the 26,000 level.
The euro ticked slightly higher on Friday but remains weak overall, with resistance near 1.17 and a potential drop to 1.14 if support at 1.1550 breaks.
Silver is stabilizing after a major drop, trading between $47 and $50, with a breakout above $50 seen as bullish—but a fall below $46.50 could renew selling pressure.