Gold is testing the $3,400 resistance as bullish momentum strengthens, with technicals pointing toward $3,460 and possibly $3,500 if the breakout holds.
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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USD/MXN is consolidating near 18.65 with strong support at 18.63 as traders await U.S. GDP data that could trigger fresh volatility.
Nvidia stock dipped after earnings but remains fundamentally supported, with traders eyeing $177 support and resistance at $185 for the next breakout attempt.
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Avalanche (AVAX) is currently trading near $24.8, holding ground after another attempt to clear the $25 region.
A dismal return on invested capital, shareholder value destruction, and a dubious item in its latest earnings report are red flags. Balance sheet issues add to bearish catalysts, but is it time to go short?
Shareholder value destruction, a weak balance sheet, disappointing long-term revenue streams, and soft demand based on net premiums plague this insurance company. What’s next after a double breakdown?
PayPal stock is holding near $67 support despite negative headlines, with upside potential toward $74–78 if $71 is cleared.
Bitcoin is finding steady support at $110,000, with traders eyeing $114K and $120K as next bullish targets while $104K remains key downside support.
Natural gas prices gained modestly on Wednesday, but with $3 acting as major resistance and $2.50 still in play, the broader bearish trend dominates.
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The DAX 40 is holding near the 50-day EMA, with a breakout above 24,600 likely paving the way toward the 25,000 level and a new bullish phase.
Gold (XAU/USD) continues to push higher, with $3,500 as the key breakout level that could open the door to $3,800 in the weeks ahead.
AUD/USD is climbing after forming a double-bottom at 0.6415, with bulls targeting 0.6600 as stronger Aussie inflation data reduces RBA cut odds.
GBP/USD is consolidating near 1.3500 with a bullish inverse H&S setup, targeting 1.3600 ahead of key US GDP and PCE inflation releases.
EUR/USD is consolidating near 1.1630 with a bullish inverse head-and-shoulders, eyeing 1.1825 resistance ahead of key US inflation and GDP data.
Bitcoin has started to rise more convincingly after rebounding from a fresh monthly low underneath $110,000.