The USD/ILS trades sideways near 3.3540, with Israel’s holiday-thinned volumes keeping action muted as traders await US GDP data for direction.
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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Dogecoin is not far from a major bullish breakout – will it make it?
NZD/USD is under pressure near 0.5820 as traders weigh the upcoming US GDP release and the RBNZ governor transition, with 0.5800 as key support.
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USD/CAD is testing the 1.39 ceiling, with a breakout above 1.3920 eyeing 1.42, while support at 1.38–1.37 favors buy-on-dip strategies.
Crude oil rallied above the 50-Day EMA on Wednesday, but faces major resistance at $65–$66, leaving the market in a range until a breakout decides the next move.
Bitcoin bounced on Wednesday, holding above $110K support while facing resistance at $117K, as Wall Street ETF flows and shifting risk sentiment guide momentum.
The British pound tumbled below the 50-day EMA on Wednesday, with GBP/USD targeting 1.34 support as a stronger dollar and weak global sentiment drive selling pressure.
The euro dropped toward 1.1725 on Wednesday as the Fed’s cautious tone supported the US dollar, leaving EUR/USD range-bound under 1.19 resistance.
Decreasing profit margins, a rising debt-to-equity ratio, and muted earnings per share growth hint at troubles ahead For Quest Diagnostics.
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High valuations, immense capital expenses, the loss of the Chinese market, and a meager dividend yield plague Nvidia, the US AI darling. Time to scale down?
Bitcoin has again tested the area of its three-week low, centred on the support level at $111,332, which looks likely to be pivotal today.
Natural gas is probing support near $2.70 as the November contract approaches, with seasonal demand set to play a key role in the next move.
The Nasdaq 100 pulled back from recent highs on Wednesday, testing support around 24,000–23,500 while traders watch for a bounce toward the 25,000 level.
The US dollar rallied toward 149 yen resistance on Wednesday, signaling potential for a breakout toward 151 or a continuation of range-bound movement.
Silver is pausing after a strong rally, with $42 as support and upside targets of $45–$46 still in play for bullish traders.