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.
Balance sheet issues and rising competition from Chinese coffee and tea houses suggest more downside pressure on Starbucks, while institutional investors bet on massive price gains. How should you play this coffee chain?
Risk-off sentiment is increasing as market attention turns to the new US tariff process again, sending the US Dollar higher and riskier currencies like the Pound lower.
AUD/USD trades near key resistance at 0.6590 ahead of the RBA decision, with falling inflation increasing rate cut expectations while bullish momentum persists.
Bitcoin trades near all-time highs with bullish flag and cup-and-handle patterns suggesting a breakout to $112K and beyond, supported by strong ETF inflows and dollar weakness.
The EUR/USD pair extended its rally despite strong US jobs data, but a near-term pullback is likely before the uptrend continues, with eyes on FOMC minutes and EU retail sales.
The US dollar continued to drop against the Swiss franc, with the pair testing key support levels as safe-haven flows persist and SNB intervention remains a risk.
The US dollar bounced against the Canadian dollar in thin holiday trading, forming a potential double bottom at 1.3550 with focus on interest rate and EMA resistance.
The British pound pulled back against the US dollar on thin holiday trading, but strong support near 1.3550 suggests continued upside toward 1.38.
The British pound continues its decline against the Swiss franc, approaching key support at 1.08 as global risk aversion lifts demand for the safe-haven franc.
USD/MXN remains subdued amid US holiday trading, with the peso favored due to strong interest rate differentials and supportive US economic ties.
Silver continues to consolidate below the $37.50 ceiling, with bullish momentum suggesting potential for a breakout toward $40 amid supportive fundamentals.
Despite a minor pullback in holiday trading, the S&P 500 remains bullish with Wall Street poised to buy dips ahead of a likely Fed rate cut in September.
Gold remains range-bound between $3,200 and $3,500 as traders await Fed signals and central bank demand supports the broader uptrend.
Markets enjoyed continued risk-on sentiment last week, especially in the USA with stronger than expected jobs and earnings data. However, that sentiment might take a hit this week as attention will turn to Trump’s tariff deadline which could see several countries being hit with higher US tariffs.
The EUR/USD went into this week near the 1.17750 mark which was within the higher elements of its week’s long range, but day traders need to be prepared for the return of full volume and tariff rtetoric.
