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 gold price index has fallen to a three-week low, with losses taking it to the $3311 support level. Before this decline, we had advised on the live trading recommendations page to close the buy recommendation for gold at the current profit to avoid further selling pressure. The recent drop was fueled by the potential for easing geopolitical tensions and a rising US dollar, both weighing on the yellow metal ahead of the Federal Reserve's Jackson Hole Symposium.
Amid strong selling pressure, the EUR/USD exchange rate has fallen to its lowest levels, near the 1.1630 support. The pair's losses came as the market's focus shifted to geopolitical developments and US-led efforts to mediate a deal in Ukraine.
USD/SGD holds near 1.28570 with resistance at 1.28650 as traders await Fed commentary and the Jackson Hole Symposium for fresh direction.
USD/BRL trades near 5.5000 with short-term volatility expected ahead of Fed commentary, as support sits at 5.4930 and resistance at 5.5040.
An excellent return on invested capital, reasonable valuations, and an industry-leading R&D division provide a superb platform for long-term growth. The dividend yield and defensive portfolio characteristics add to its appeal, but should you buy the rally?
Excessive valuations, a negative return on assets, a negative return on equity, and liquidity concerns are currently dominant themes with this financial stock. Credit card delinquencies continue to rise, which threatens future earnings potential. Is it time to head for the exit?
Technical and fundamental analysis of the AUD/USD pair highlights a potential bearish breakout below key support at 0.6450.
The GBP/USD exchange rate retreated after the US published mixed housing starts and building permits data on Tuesday.
Bitcoin price pulled back as investors embraced a risk-off sentiment in the market.
EUR/USD trades sideways near 1.1645, with an inverse head and shoulders pattern pointing to a bullish breakout toward 1.1835 unless 1.1600 support breaks.
Silver prices consolidate around $37.50 support, with the 50-day EMA holding firm and a breakout above $39 likely to fuel bullish momentum toward $40.
Natural gas prices threaten a $2.75 breakdown as weak seasonal demand fuels bearish pressure, with traders eyeing $2.50 as the next key target.
Gold prices remain quiet but bullish as support holds above $3300, with traders awaiting Powell’s tone at Jackson Hole for the next big move.
The euro is attempting a recovery near 1.16, with Fed policy signals and Jackson Hole remarks set to drive the next move in EUR/USD.
Meta stock is finding support at $745, with bullish technicals pointing to a potential rebound and momentum above the $800 resistance level.
