The S&P 500 enters Tuesday’s session on shaky ground near 6,830, with traders watching for volatility amid geopolitical risks and nervous post-holiday sentiment.
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 Nasdaq 100 enters Tuesday’s session near 25,529 with market sentiment cautious amid tariff threats, overbought tech concerns, and key economic events ahead.
The US dollar pulled back against the Canadian dollar on Monday in quiet holiday trading, with consolidation suggesting a potential dip-buying setup near 1.3750.
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Crude oil prices rose modestly in low-volume holiday trading, with traders closely eyeing the $60 level and key moving averages for the next breakout or range setup.
The Euro rallied amid thin US holiday trading, but traders are watching for signs of exhaustion as the broader EUR/USD downtrend remains intact.
Despite geopolitical headwinds, the DAX remains bullish as German stimulus and a breakout above 25,000 set the stage for a rally toward 27,000.
The British Pound has been gaining very strongly against the US Dollar this week, but bulls now face a test as the price runs into resistance levels clustered around $1.3500.
Gold remains firmly bullish, supported by global trade uncertainty and central bank accumulation, with technicals pointing toward a potential move to $5,000 an ounce.
Bitcoin continues to attract buyers on dips, holding firm near the 50-day EMA as broader market volatility fails to derail its long-term bullish outlook.
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Despite Monday's drop, USD/CHF is setting up for another long opportunity as the pair remains in a tight range and benefits from interest rate differentials.
The euro rebounded against the Japanese yen on Monday after an initial panic selloff, with strong support at 183 and a bullish trend targeting 186.
The British pound rebounded from a gap lower on Monday amid thin US holiday trading, with attention now turning to key UK data and resistance near 1.35.
The US dollar recovered against the yen on Monday as risk sentiment stabilized, with buyers returning near 158 and eyes turning to a potential move toward 160.
AUD/USD is gaining bullish momentum above key support levels after forming a bullish engulfing pattern, with traders targeting the 0.6800 resistance zone.
BTC/USD remains above its 50-day EMA despite recent selling pressure, with bullish momentum aiming to reclaim resistance at 94,400.