The S&P 500 gave back early gains Tuesday, with markets cautious ahead of the Fed decision, eyeing 6,500 support and 6,700 resistance.
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.
Most Recent
NZD/USD is eyeing the 0.60 resistance level, with traders awaiting the Fed decision to confirm a breakout toward 0.6150 or a pullback to 0.5933.
Ethereum rebounded from $4,500 support, forming a bullish hammer, with traders watching $4,800 upside and $4,200 downside levels.
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The GBP/USD is bullish toward 1.38, but Fed and BoE decisions could spark sharp volatility and trend shifts.
Industry-leading returns on assets, equity, and invested capital provide a solid foundation for bulls to capitalize on the recent sell-off. What impact will an interest rate cut have, and should you buy the dip?
Average gross margins, the departure of its Chief Product Officer, and concerns over its ability to expand its viewer base have changed the investment narrative around Netflix. What will follow its breakdown?
Natural gas steadies near $3, with winter demand and the November contract rollover set to shape the next bullish leg.
The NASDAQ 100 continues higher toward 25,000, but with the Fed decision looming, traders should watch for potential pullbacks before the next rally.
WTI crude oil continues to trade within a tight $62–$65 range, with the Fed decision set to drive the next breakout or pullback.
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EUR/USD is pressing the 1.18 barrier, with markets cautious ahead of the Fed but bulls eyeing a possible breakout toward 1.20.
XAU/USD continues to trade strong, with short-term dips expected to attract buyers as gold eyes $3,800 amid Fed-driven volatility.
Bitcoin is looking weakly bullish, with bulls facing a resistant hurdle at $113,400.
The AUD/USD pair broke above key resistance, with momentum pointing to 0.6800 ahead of the Fed rate cut and Australia’s upcoming employment report.
The GBP/USD pair broke above key resistance, with bullish momentum building toward 1.3800 ahead of the Fed and Bank of England interest rate decisions.
The EUR/USD pair surged past resistance, with traders targeting 1.2000 ahead of the Fed’s rate decision and Powell’s guidance on future cuts.