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.
EUR/USD is consolidating within a symmetrical triangle, with technical and fundamental signals pointing to a potential bullish breakout ahead of the FOMC and ECB rate decisions.
As expected, the EUR/USD price has remained within narrow ranges at the start of this week's trading, pending the market and investor reaction to the policy announcements from both the US Federal Reserve (Fed) and the European Central Bank (ECB).
Gold prices dropped below the key $4,000 level on Tuesday as easing geopolitical tensions and anticipation of a Fed rate cut triggered profit-taking and bearish momentum.
The euro continued its strong rally against the Japanese yen on Monday, fueled by risk-on sentiment and expectations of further yen weakness ahead of central bank meetings.
The USD/JPY pair climbed on Monday amid improved US-China trade sentiment, with resistance at ¥153 as traders await rate decisions from the Fed and Bank of Japan.
The British pound remained under pressure against the US dollar on Monday, struggling near resistance at 1.34 as traders await the Fed’s rate decision.
Bitcoin briefly rallied above $116K on Monday before retreating, forming a possible W pattern with support near $110K and resistance at $120K as risk sentiment improves.
USD/CAD rebounded on Monday, holding firm near 1.40 as traders brace for interest rate decisions from both the Fed and Bank of Canada amid ongoing bullish pressure.
The Nasdaq 100 surged on Monday, breaking above its channel resistance and signaling a potential bullish continuation toward the 26,000 level amid trade optimism.
The euro posted a quiet rise on Monday, hovering near the 50-day EMA as traders await guidance from the Fed and ECB amid sustained US dollar strength.
Silver tumbled more than 4% on Monday, signaling exhaustion after a prolonged rally, as traders question the sustainability of gains despite looming Fed rate cuts.
Amazon stock gapped higher on renewed US–China trade hopes and may test the $240 resistance level, with bullish sentiment intact ahead of Thursday’s earnings.
Negative free cash flow, the Return on Invested Capital (ROIC) below the Cost of Capital (WACC), and negative revenue growth stand out. Should you go short of Atmos Energy ahead of earnings data?
Negative earnings-per-share growth, declining profit margins, and rising capital expenditure led to a post earnings sell-off. Is more downside due for United Rentals following its earnings miss?
Beneath a top and bottom line beat in its latest earnings report, profit margins continue to decrease, and debt levels are high. What’s next following GM’s strong earnings?
