The USD/BRL trades near 5.35 after bouncing from last week’s lows, with looming US government shutdown risks threatening short-term volatility.
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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The USD/ZAR hovers near 17.25 as the rand strengthens, but storm clouds from a potential US government shutdown may drive volatility and reversal risks.
The US dollar pulled back against the yen on Friday, retesting ¥149 support, with a bullish continuation toward ¥153 likely if buyers return.
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The US dollar dropped against the Mexican peso on Friday, with resistance at 18.50 capping gains and downside targets at 18.20 and 18.00 back in focus.
The US dollar is consolidating against the Indian rupee, with ₹88.50 as key support and ₹89 as resistance, setting the stage for a gradual grind higher.
Bitcoin remains quiet below $110K, holding $107K support, with upside limited until buyers push price toward the 50-day EMA and $117K.
USD/CAD pulled back on Friday after profit-taking, but a breakout above 1.39, rising EMAs, and Canada’s economic weakness keep the bullish outlook intact.
Excellent operating margins, a decent dividend yield, and a promising outlook on data center electricity demand support more upside. Should you power up with Duke Energy?
A decreasing revenue growth rate, shareholder value destruction, and a sub-standard return on invested capital enforce the existing bearish trend. Is more downside ahead for Salesforce?
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The NASDAQ 100 continues its bullish run, with a 25,000 target in focus while support near 24,000 may offer buy-the-dip opportunities.
Gold is consolidating near $3,800 after hitting its measured move, with support at $3,700 and potential to extend toward the $4,000 mark.
Silver is racing higher toward $46 with strong bullish momentum, as buyers defend $44 and $42 support levels while eyeing a longer-term move toward $50.
The Euro is bouncing from key support near its 50-day EMA, with 1.18 resistance in focus, while a drop below 1.16 risks a deeper bearish turn.
Crude oil is testing the $66 resistance zone, with bulls eyeing a move toward $70 while risks of a breakdown could drag prices back to $62.
AUD/USD slides to its lowest since early September, with traders eyeing the RBA’s rate decision and key US jobs data for the next major move.