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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Gold (XAU/USD) fell toward the $3312 support level as a stronger US dollar and easing trade tensions weighed on sentiment, with traders watching the $3300 zone ahead of major US economic releases and the Fed's policy decision.
EUR/USD retreated to 1.1670 amid renewed dollar strength following the US-EU trade deal, with traders cautious ahead of key US economic data and the Fed decision.
The USD/MXN pair dropped to 18.5925 amid EU-US trade deal optimism, but remains highly volatile with key risk events like the Fed meeting and US jobless data ahead.
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The USD/ZAR pair has rebounded above 17.7700 ahead of the Fed’s decision, with short-term technicals hinting at overbought conditions despite a cautious macro backdrop.
The British pound declined on Friday, testing critical technical levels near 1.3350 and the 50-day EMA, with a potential signal targeting 1.3133 if support fails.
The USD/JPY pair climbed on Friday, testing the key ¥148–¥149 resistance zone as bullish momentum builds on interest rate differentials and 200-day EMA support.
The euro edged lower on Friday, hinting at a possible double top near 1.18, while traders eye critical support between 1.15 and 1.16 for direction cues.
Bitcoin dipped below $120,000 on Friday but remains within a bullish flag formation, suggesting a potential breakout toward $130,000 if momentum returns.
Gold is testing key technical support levels around the 50-Day EMA and uptrend line, suggesting short-term stability within a broader summer consolidation range between $3200 and $3500.
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The AI wave has driven global equity markets higher and offered protection against market correction. The trend may accelerate as AI hyper-scalers build data centers and require GPUs to run large language models. Given the massive rally in equity markets, with the NASDAQ 100 drawing comparisons to the 1999 Dot-Com Crash era, should you diversify away from AI or double down on it?
Following a correction driven by mixed earnings, Molina Healthcare (MOH) presents a compelling long trade setup supported by undervaluation, strong fundamentals, and new Medicaid wins.
After posting better-than-expected second-quarter earnings, 3M sold off as economic issues, higher input costs, and negative earnings growth over the past year overshadowed its outlook. Should investors buy the dip, or sell rallies?
Nvidia continues to test the critical $175 resistance level, with traders watching for a breakout or pullback toward dynamic support near $165 and the 50-day EMA.
Ethereum remains stuck in a tight range between $3,500 and $3,800, awaiting a breakout likely dependent on Bitcoin's move above $120,000 amid low summer liquidity.
The USD/CHF pair shows signs of exhaustion below 0.80, with traders watching for a breakout above 0.81 or a bearish slide below 0.79 as geopolitical uncertainty boosts demand for the Swiss franc.