USD/CAD is consolidating near 1.38, with divergent jobs data and a sluggish oil market favoring a bullish breakout above the 200-day EMA toward 1.4025.
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 euro failed for the third time at the 1.18 resistance barrier, keeping EUR/USD stuck in its 1.16–1.18 range as traders await key ECB and Fed updates.
Ethereum remains range-bound between $4,200 and $4,500, with a breakout above resistance needed to fuel a push toward $5,000.
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The British pound faces heavy resistance at 1.36, with traders weighing U.S. recession risks against a potential breakout toward 1.38.
Bitcoin remains stuck near $113,000 resistance, with traders weighing Fed rate cut risks against the potential for a grind higher toward $120,000.
AUD/USD slipped back from resistance at 0.6630, with traders cautious on Australia’s reliance on China and renewed U.S. dollar resilience.
The price is rising from a new support level established at $1.3519, which is likely to be today’s pivotal zone down to the round number at $1.3500.
AUD/USD is consolidating near 0.6585, with technicals favoring a push toward 0.6700 as traders await US inflation data and the Fed’s next move.
BTC/USD is consolidating near $112K, with weak US labor data and looming inflation reports raising the risk of a bearish breakout toward $107K support.
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The EUR/USD pair remains bullish despite a pullback, with Fed rate cuts and steady ECB policy likely driving a push toward the 1.200 level.
Gold surged to a record $3,659 per ounce on Tuesday, with Fed rate cut bets keeping XAU/USD bullish toward the $3,700 mark despite overbought signals.
EUR/USD remains bullish above 1.17 as traders eye ECB policy and US inflation data, though resistance at 1.1780–1.1860 could trigger a pullback.
The Nasdaq 100 hovers at 23,817 as buyers test resistance near 23,850, with US inflation data set to determine whether record highs can be challenged.
The S&P 500 holds near record highs at 6,511, with resistance at 6,520 in focus ahead of US inflation data that could shape Fed rate cuts.
A decrease in revenues over the past year, shrinking profit margins, rising competition, and negative reactions to Elon Musk’s political meddling create significant headwinds. Will a breakdown ignite a profit-taking sell-off?