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.
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/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.
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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.
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.
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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.
Crude oil prices are rising but face strong resistance at $62, with analysts eyeing signs of exhaustion for potential downside amid skepticism over sanctions impact.
Gold prices are stabilizing between $4,000 and $4,200 following a sharp sell-off, with traders watching for a potential breakout or further downside toward $3,800.
Declining profit margins, shareholder dilution, and dividend decline suggest operational challenges for Entergy Corporation. Will earnings force a breakdown?
Weak gross margins, a worsening debt-to-assets ratio, and decreasing revenue growth stand out ahead of its earnings release. Will earnings accelerate the sell-off in Sysco Corporation?