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 US dollar gained ground against the Canadian dollar on Thursday, breaching the 50-Day EMA and threatening a breakout above the key 1.38 resistance level.
The US dollar continues to consolidate against the South African rand, with a breakout above the 200-Day EMA at 18.16 potentially opening the door to 18.50.
Silver rebounded strongly on Thursday after retesting the $37.50 breakout zone, reaffirming bullish momentum with a near-term upside target of $39.50.
The British pound rallied against the yen on Thursday, targeting a breakout above the ¥200 psychological barrier as improving risk appetite fuels upside momentum.
The US dollar rebounded against the yen on Thursday, holding above the 200-day EMA as yield differentials and Japanese bond market troubles support further upside.
Gold continues to consolidate within a clear $300 range between $3,200 and $3,500, with traders awaiting either a deeper pullback or breakout to reenter with conviction.
Inflationary pressures remain elevated, oil prices are relatively low, and the global economy sputters along. What about energy stocks and their performance moving forward? Get a shortlist of undervalued energy stocks with three stock picks.
DoorDash stock is retreating toward the $230 support level—aligned with Fibonacci retracement and seasonal softness—while setting up for renewed interest ahead of earnings.
The NASDAQ 100 is drifting higher in a low-volume summer rally, with technical confirmation above resistance suggesting further bullish momentum.
Crude oil is recovering with technical signals pointing to further upside, supported by seasonal demand and strong levels near $64–$65.
Bitcoin remains range-bound below the $120,000 resistance as traders await a breakout, with strong support seen at $115K and $110K.
Investors continue to cautiously monitor economic and trade developments, awaiting a new wave of corporate earnings. Recently, market sentiment improved after
Despite the recent strength of the US dollar, the gold price indicator has shown upward stability. During yesterday's session, instantaneous gold prices jumped
XRP is trading around $3.25, maintaining strong bullish momentum after reclaiming the $3 level earlier this week. Ripple’s upwards move follows a decisive shift in market sentiment, supported by improving liquidity and renewed confidence in Ripple’s ecosystem.
Long-term growth potential faces short-term capital issues, which creates an interesting trade. Should investors focus on the longer-term green energy push or short-term capital-intensive investments?
