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 USD/CAD pair remains volatile as dollar weakness pressures support at 1.3550, with key levels at 1.38 and 1.3350 likely to dictate the next directional move.
Gold rallies again as bulls target a breakout above $3,500, with technicals pointing to $3,800 if momentum holds and support near $3,200 remains firm.
Natural gas prices fell again Tuesday, approaching the $3.00 support zone, with traders fading rallies amid volatility, shifting seasonality, and geopolitical supply dynamics.
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The euro continues to climb against the US dollar, testing the 1.17 resistance as bullish momentum and a weakening greenback support a potential move toward 1.20.
The British pound remains supported above 1.3350 amid choppy trading, with a potential breakout above 1.3550 signaling a move toward the 1.38 resistance level.
Apple continues to test the 200-day EMA and $215 resistance as bullish momentum builds ahead of earnings, with breakout potential toward $222 and $239.
Gold prices remain in a strong uptrend above $3,400, supported by geopolitical tensions, falling bond yields, and USD weakness, with $3,500 now in clear focus.
EUR/USD climbs back toward 1.1700 as traders await Jerome Powell’s statement and assess ECB policy signals amid looming EU-US tariff uncertainty.
The S&P 500 continues its sharp ascent with strong speculative momentum, pushing toward 6,400 as traders remain wary of looming Fed and tariff uncertainties.
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The Nasdaq 100 continues to climb to record highs above 23,000, as bullish momentum, speculative buying, and fear of missing out outweigh policy and tariff concerns.
The British pound bounced strongly from its long-term trendline, clearing the 50-day EMA and reinforcing bullish momentum amid ongoing speculation around US rate cuts.
The US dollar struggles against the Swiss franc as a bearish flag forms near the 0.79 level, with a breakdown likely to spark further selling unless SNB intervention tempers CHF strength.
The US dollar softened against the Canadian dollar on Monday, staying within a well-defined 1.3550–1.3800 range amid light summer volume and stalled trade talks.
The USD/JPY pair is consolidating near strong resistance around ¥148, with technical and fundamental factors supporting a potential breakout toward ¥151 as long as ¥146 support holds.
Meta Platforms (META) rebounds strongly from the $700 support zone following a bullish hammer pattern, with sideways action expected ahead of the July 30 earnings release.