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 S&P 500 is trading above the 6,400.00 level this morning in futures markets, this as buying optimism has brought the famed equity index to new heights.
New record heights were made in the Nasdaq 100 early on Monday as investors rushed into the index and managed to sustain solid values throughout the day, today futures trading has produced positive results.
A triple-digit return on equity and healthy profit margins were unable to overcome balance sheet issues and negative earnings-per-share growth in GoDaddy. Will the selloff continue, or should you trust support levels?
A saturated US market and high valuations have combined, with questions about Coinbase’s profitability despite the rise of cryptocurrency volumes and fees during the second quarter. Should you follow the bearish price channel?
Risky assets are sinking firmly as markets back off from the risk-on mood the week opened with, sending the price much lower.
The USD/CHF rallied sharply following the US-EU trade agreement, but a daily close above 0.81 is needed to confirm a breakout from the current consolidation zone.
The British pound slipped on Monday, with 1.3350 emerging as a key technical level amid head-and-shoulders risk and rising USD strength ahead of the Fed decision.
Bitcoin continues to consolidate below the $120K resistance, with low summer volume from Wall Street ETF traders keeping momentum muted.
The Australian dollar remains range-bound, with AUD/USD bouncing between key moving averages as uncertainty over China and the global economy persists.
The euro dropped sharply after the US-EU trade deal, with EUR/USD testing critical support near 1.15 and facing heavy resistance at 1.18.
The USD/JPY pair surged past the ¥148 level and the 200-day EMA, with potential for further gains if ¥149 is cleared amid a volatile week of central bank decisions.
Silver prices show resilience and may be ready for a bullish breakout above $40, with strong support at $37.50 and a measured target at $42.50.
The US dollar touched the 50-day EMA against the Canadian dollar on Monday, with traders bracing for sharp moves on Wednesday’s critical rate decisions from both central banks.
The German DAX plunged toward €23,950 on Monday, with technical traders watching the €23,800 and €23,000 levels for signs of support and potential long opportunities.
Gold prices declined on Monday to $3325 amid global market indecision and anticipation of central bank announcements, with strong support near $3200 and resistance at $3500 maintaining a sideways bias.
