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.
The S&P 500 bounced after testing support at 6,800, with bullish momentum pointing toward a move back to 7,000 as year-end optimism builds.
The NASDAQ 100 dipped in premarket trading but held above key support at 25,500, with bulls targeting 26,000 as year-end momentum builds.
The British pound extended its decline below 1.31 on Tuesday, with bearish momentum pointing toward 1.2750 amid rising rate-cut expectations.
USD/CAD extended its rally on Tuesday, supported by rate differentials and soft oil prices, with bulls eyeing a move toward the 1.4250 resistance level.
Decreased full-year guidance, margin pressure, and high valuations overshadow a strong immunology growth rate. How did earnings impact AbbVie’s outlook?
A massive earnings beat sent shares rallying, but the latest GLP-1 treatment underperformed, while long-term debt is rising and profit margins are shrinking. Did earnings justify the rally in Eli Lilly?
Concerns over profit margins, excessive valuations, and a dismal return on invested capital overshadowed excellent earnings. Will earnings spark a correction in AMD?
Bitcoin dropped 4% on Tuesday, breaking below the 200-day EMA and $108K, with mounting downside risk if $100K fails to hold as support.
The Australian dollar dropped on Tuesday, testing the 200-day EMA amid broad U.S. dollar strength, with key support at 0.64 and resistance near 0.6650.
Apple gained early Tuesday but trimmed gains as market panic hit tech stocks, with support holding near $270 and trend bias remaining bullish.
USD/JPY pulled back to test the ¥153 level as support, with the broader bullish trend likely to resume due to ongoing US-Japan rate divergence.
Silver plunged but bounced near $47 on Tuesday, with price action suggesting potential consolidation above $45.50 or risk of collapse below.
The British Pound has been the weakest of all major currencies this week, while the USD remains strong on Fed comments and safe-haven desire as stocks fall.
AUD/USD remains under bearish pressure after the RBA decision and ahead of key US jobs and PMI data, with technicals pointing to a drop toward 0.6400.
BTC/USD turns bearish after breaking key support, forming a head-and-shoulders pattern as market fear rises and ETF outflows deepen.
