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.
An excellent return on assets, superb profit margins, and a growing presence in stablecoins form a solid bullish backdrop. Did the earnings beat make Visa a buy?
The British Pound has been the weakest of all major currencies this week, while the USD got a boost from the Fed yesterday. However, it seems that the price action has put in a bullish bottom which might hold.
Natural gas jumps on the December contract rollover, entering a bullish seasonal window, with pullbacks toward $3.60 seen as buying opportunities.
The Canadian dollar saw short-term strength after the BoC rate cut, but USD/CAD remains poised for a bullish breakout above 1.40 if FOMC guidance favors the greenback.
The FTSE 100 continues its bullish breakout, driven by a weaker pound and expectations of Bank of England rate cuts, with 10,000 as the next key target.
The Canadian dollar rallied post-BoC, but CAD/CHF remains in a strong downtrend, with resistance near 0.58 offering a potential short entry targeting 0.5625.
The DAX continues to find buyers on dips near its 50-day EMA, with support at 23,000 and potential for a breakout above 24,500 toward 25,000.
NZD/USD remains volatile near 0.57725 after a failed breakout, as disappointment over the Fed’s cautious tone keeps bullish ambitions in check.
Excellent profit margins, return on equity, and solid earnings make this AI play and OpenAI minority owner a compelling buy. Should you buy Microsoft during its post-earnings dip?
USD/ILS continues its bearish trend, testing multi-year lows near 3.25765 as geopolitical optimism and strong Shekel sentiment drive downside momentum.
AUD/USD surged to multi-week highs after strong inflation data lowered RBA rate cut odds, with bullish momentum building toward the 0.6700 resistance level.
BTC/USD continues to lose steam despite the Fed’s dovish pivot, with bearish pressure building below key technical levels and potential support near 106,600.
EUR/USD has dropped below key technical levels following the Fed’s dovish pivot, with bearish momentum building ahead of the ECB rate decision and GDP data.
EUR/USD remains stable near 1.1650, trading within a multi-month range as traders await direction from the Fed and ECB policy announcements later this week.
Gold (XAU/USD) is undergoing a technical correction below $4000, with key support at $3880 and traders watching the Fed’s rate decision as a potential catalyst for the next move.
