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.
The British pound is relatively quiet during the trading session on Friday against the Swiss franc, as we sit on top of the major support level in the form of the 1.07 CHF level. This is a market that’s been in a significant downtrend for a while, so it does make a certain amount of sense that eventually we have to take a bit of a breather from the selling pressure.
Bitcoin initially fell on Friday, only to turn around and show signs of life again. We are hanging on to the $120,000 level, which of course is a large, round, psychologically significant figure, and an area that a lot of people will be paying close attention to. This is an area that has been important multiple times in the past, and it’s likely that we will continue to see this market offer a lot of bullish pressure on dips, extending all the way down to the $117,000 level, an area that was short term resistance.
The Nikkei 225 produced a strong gap higher earlier today when the Japanese stock market began its trading, this after a weekend announcement in Japan by the Liberal Democratic Party that Sanae Takaichi has been nominated to lead the government.
The GBP/USD exchange rate remained unchanged on Monday morning as investors predicted that the Federal Reserve would deliver more rate cuts in the next meeting. It was trading at 1.3500, down from the year-to-date high of 1.3790.
The EUR/USD exchange rate remained unchanged near its highest level since September 2021, as the odds of the Federal Reserve interest rate cuts rose. It was trading at 1.1742, slightly below the year-to-date high of 1.1920.
The AUD/USD pair was flat on Monday as focus remained on the ongoing US government shutdown and its impact on the economy and the rising possibility that the Federal Reserve will cut interest rates again. It was trading at 0.6600, up from last week’s low of 0.6520.
The USD/ZAR is near the 17.24700 ratio as of this writing, this as financial institutions practice a relatively cautious trading landscape in the broad Forex markets as the U.S government shutdown continues.
A dismal return on invested capital, years of negative net income, and substandard operating margins make a bearish investment case for DoorDash. Is a new sell-off brewing?
A superb return on assets and equity, excellent profit margins, and a booming Universal brand are intriguing at Comcast’s current valuation. How strong are its support levels?
Bitcoin has performed very strongly over the past few days, briefly trading at a new record high and looking likely to make another important bullish breakout.
Inflationary pressures remain elevated, oil prices are relatively low, and the global economy sputters along. Current developments and energy policy in the US have created an interesting investment case, while the demand from data centers is challenging the supply. Get a shortlist of the best energy stocks to buy now.
Last week maintained the dominant trends seen in recent weeks, with major US stock market indices and precious metals breaking to new record or long-term high prices.
Explore this week’s key market moves in forex, commodities, and crypto. Top levels to watch in gold, EUR/USD, Bitcoin, and more.
USD/JPY bounces from 146 support, with resistance at the 50-day EMA and 149. Bulls eye 151 if broken, while sub-145.50 would signal downside risk.
Silver failed to clear $48 resistance, with $46 support in focus. Bulls eye $45 for value buying, while a breakout could test the historic $50 ceiling.
