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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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The British pound declined sharply on Friday, with 1.32 acting as resistance and bearish technical signals—including a potential death cross—reinforcing downside pressure.
The euro rebounded from extreme lows against the Swiss franc on Friday as traders speculated on SNB support near 0.92 and relief from a new U.S.–Swiss trade deal.
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The New Zealand dollar bounced toward 0.57 on Friday but remains in a firm downtrend, with risk-off sentiment and U.S.–China tensions capping upside potential.
AUD/USD remains trapped in a tight range as markets await the RBA meeting minutes and key Fed signals, with momentum showing signs of exhaustion.
Bitcoin’s downtrend intensified as falling open interest, ETF outflows, and bearish technical patterns point to further losses toward $90,000.
EUR/USD is stalling near 1.1620 as weakening bullish momentum and shifting Fed rate expectations open the door for a potential pullback toward 1.1478.
GBP/USD remains under pressure near 1.3200 as traders await UK inflation data, with technicals and policy uncertainty favoring a potential drop to 1.3015.
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The GBP/USD went into this week near the 1.31725 ratio, which is essentially near values seen at the end of October, this as speculative conditions are likely rise in Forex in the coming days.
WTI Crude Oil went into this weekend via futures prices around 59.595 which is very close to where the commodity finished in the previous week.
Stock markets and the US Dollar lost ground last week against a backdrop of increasing market nervousness, and an increasing belief that the Fed will not make a rate cut in December.
A concise weekly look at major markets, covering key levels and trends across forex, commodities, crypto, and indices with potential breakout signals.
The euro climbed slightly on Thursday but remains in a volatile range, with continued downside risk toward 1.14 unless a breakout above 1.17 occurs.