The EUR/USD pair faces renewed downside pressure below key resistance, as the Supertrend indicator and weak momentum signal a likely retreat toward 1.1450.
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 U.S. dollar rebounded strongly against the Canadian dollar on Monday, with traders targeting 1.4250 amid U.S.–Canada trade tensions and weak Canadian fundamentals.
The euro failed to hold Monday gains against the U.S. dollar, forming a bearish shooting star and signaling a likely decline toward 1.14 amid growing dollar strength.
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The British pound failed to break above 1.32 on Monday, reinforcing resistance and suggesting further downside toward 1.30 and possibly 1.2750 amid rate cut expectations.
Bitcoin failed to hold early Monday gains, forming a bearish shooting star near $100K, with continued consolidation expected between $93K and $108K.
The U.S. dollar is forming a potential base above 0.80 against the Swiss franc, with upside targets at 0.8218 and 0.85 supported by interest rate differentials.
The U.S. dollar advanced against the yen on Monday, targeting resistance near ¥155 as interest rate differentials and BoJ easing continue to support bullish momentum.
Silver rallied sharply above $50 on Monday, but now faces critical resistance at $51.50, a potential turning point that could decide its next major trend.
EUR/GBP pulled back on Monday toward 0.8750 support, where bullish technicals and a weakening pound suggest a potential rebound setup.
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Natural gas pulled back after gapping higher to $4.47 on Monday, but strong seasonal demand keeps the outlook bullish through the winter months.
Silver continues to consolidate above $47, with momentum building toward a potential breakout above $50 or a breakdown below $45.50 for deeper losses.
Gold prices remain stable above $4000, with bullish momentum supported by Fed cut expectations, weaker USD, and central bank demand, possibly targeting $4200 soon.
EUR/USD remains under pressure below 1.1600 as traders watch for US government shutdown resolution and mixed Fed signals, with support eyed at 1.1460.
The euro remains stable above the 50-day EMA against the Swiss franc near 0.93, as traders monitor SNB intervention risks linked to export competitiveness.
The US dollar slid below 18.50 against the Mexican peso Friday, as yield differentials and strong Mexican exports point to further declines toward 18.20 or lower.