Tesla shares advanced on Wednesday as traders position ahead of next week’s earnings, with strong support near $400 and potential for a breakout above $480.
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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Silver extended gains on Wednesday, pushing toward the key $50 level, though increasing volume and past volatility hint at a possible pullback ahead.
The US dollar continues to pressure the Canadian dollar, holding above 1.40 as a golden cross forms, suggesting further upside toward the 1.42 level.
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The British pound is finding strong support against the yen near ¥200, with bullish price action suggesting a potential move toward the ¥210 level.
The NASDAQ 100 is testing key resistance at 25,000, with a confirmed breakout likely to trigger momentum toward 26,000 amid strong trend support and risk appetite.
A disappointing average return on invested capital, shareholder value destruction, and a multi-year decline in profit margin accompany Berkshire Hathaway. Is it time to exit?
Negative earnings-per-share growth, contracting profit margins, and a dismal average return on invested capital overshadow the Red Hat growth. Will Big Blue turn into Big Red?
The British pound is testing major support against the Swiss franc near 1.0650, with a potential triple bottom forming as traders watch for signs of a rebound.
Bitcoin faces renewed selling pressure near $110,000, with support at $108,000 and the 200-day EMA in focus as traders await signs of stability.
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Gold continued to climb above $4,200 on Wednesday, supported by central bank buying and geopolitical concerns, with short-term pullbacks viewed as buying opportunities.
The euro showed slight recovery against the US dollar, but remains vulnerable below key resistance, with a break under 1.1550 likely to accelerate selling.
USD/JPY dipped sharply but remains in a bullish structure, with key support zones near 150 offering potential buy-on-dip opportunities within a broader uptrend.
The Australian Dollar has gained some ground despite Australian unemployment rising to a new 4-year high.
BTC/USD remains under pressure below the 50-day EMA, with a bearish double top and weakening safe-haven appeal pointing to a potential drop to 107,000.
GBP/USD bounced to 1.3400 but remains under pressure, with a bearish pattern and weak macro outlook suggesting a retest of support at 1.3253.