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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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In early futures trading this morning the S&P 500 is around the 6,655.00 ratio having shown a definite negative near-term trend since coming off of highs last Wednesday.
The Nasdaq 100 continues to face nervous selling in early futures trading this morning and is near the 24,645.00 ratio after another flurry downwards.
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USD/CHF continued to rebound from 0.79 on Monday, with the broader consolidation range intact and dollar strength favored amid rising global liquidity concerns.
Bitcoin continued to slide on Monday, with a death cross, weak price action, and institutional selling pushing the market toward key support at $92,500.
GBP/JPY bounced back strongly on Monday, with bullish momentum building toward ¥205 as Japan's financial pressures keep pullbacks limited to support zones like ¥202 and ¥200.
EUR/USD continued to drift lower on Monday as sellers rejected the 50-day EMA, with downside targets near 1.14 and 1.11 amid renewed dollar strength and Eurozone fragility.
GBP/USD continues to stall near 1.32, with bearish momentum building as traders eye 1.30 and 1.2750 if downside pressure accelerates.
USD/JPY surged above the critical 155 level on Monday, reinforcing its bullish trend as interest rate differentials continue to drive demand for the dollar.
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The Nasdaq 100 reversed early gains on Monday, testing a key trendline near 25,000, with a break of Friday’s low potentially opening the door to a deeper correction.
Gold continues to struggle below $4,000, with increased volatility and technical weakness pointing to potential declines toward $3,800 or even $3,500.
USD/CAD bounced from the 1.40 level on Monday, with the broader uptrend intact as strong U.S. data and rate differentials favor a continued move toward 1.4250.
AUD/USD turned sharply lower after the RBA minutes reinforced a cautious stance on further rate cuts, with technical indicators pointing toward a test of the 0.6400 support level.
Bitcoin continued its sharp decline toward $91,900 as extreme fear, ETF outflows, and a bearish technical setup point to further losses toward $88,750.
GBP/USD holds near 1.3160 as inflation uncertainty and resistance at key levels point to a potential pullback toward 1.3010 in the short term.