The British pound dropped to the 1.34 support level on Tuesday, with traders eyeing NFP data and key support at 1.32 and resistance at 1.36.
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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A weak balance sheet and below-average return on invested capital have accompanied the recent rally. What impact will shareholder dilution play? Should you sell the breakdown or invest in the dip?
Rising coffee prices and pressures on its core suppliers from tariffs create massive headwinds. Starbucks also faces stiff competition from Chinese coffee and tea houses. Is more downside ahead?
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Despite better-than-expected economic data, the Australian Dollar resumed its downtrend following yesterday’s breakdown. Is it too late to join the sell-off?
Following a 100+ pips sell-off, bulls have regrouped to form a horizontal support zone, which they re-tested this morning. Will a second breakout lead to a reversal rally?
The S&P 500 fell in premarket trading Tuesday, with traders watching the Fed’s rate cut outlook and upcoming jobs data as a potential catalyst for a correction.
The euro fell back to key support near 1.16 as EUR/USD remains range-bound ahead of US jobs data and the Fed’s September policy statement.
Bitcoin remains indecisive near $110K as traders weigh Fed policy uncertainty, with support at the 200-day EMA and resistance at the 50-day EMA.
USD/JPY pushes higher toward 148.5 resistance, with bulls supported by rate differentials, but upcoming US jobs data may shape the next big move.
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USD/CAD trades near 1.38 as dollar strength weighs on the Loonie, with traders eyeing key EMA levels and upcoming jobs data for the next decisive move.
After falling strongly yesterday, the price continues to look weak despite trading very close to a recent strongly bullish inflection point.
Following a post earnings sell-off, price action stabilized inside a horizontal support zone, prompting at least one new buy rating. The return on equity and profit margins are excellent, but should you buy the support zone?
The pricing power, brand loyalty, and the best return on equity in its sector create bullish forces that can unlock more value. Rising input costs overshadow the short-term outlook, but the healthy dividend will compensate investors well. Should you add KO to your portfolio?
Following a breakdown below its horizontal resistance zone, bulls have attempted a reversal. Will US economic data suffice to grant bears the upper hand?
Bitcoin has completed a triple breakout sequence, but can bullish momentum force a crucial fourth breakout that can challenge its all-time high?