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.
Most Recent
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.
Silver continues to attract buyers on pullbacks, with the $40 resistance in focus and a potential breakout suggesting a move toward $42.50, despite cautious summer trading volume.
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Crude oil prices continue to find support near $65, with summer seasonality and rangebound trading pointing to consolidation unless a strong catalyst breaks the $70 ceiling.
The Euro continues to recover against the USD, holding above 1.16 as buyers defend the support zone with potential upside toward 1.1850 amid ongoing Fed and trade policy scrutiny.
The German DAX remains in a firm uptrend, with traders eyeing value on pullbacks and 25,000 as the next bullish target amid continued market resilience.
Gold rallies early Monday, breaking out of a consolidation range with $3,500 as the next resistance, while traders eye short-term pullbacks as value opportunities amid low-volume summer trading.
Dollar General’s plunging profit margins, loss of a core executive to another firm, and rising costs sufficed for a breakdown, while the broader market rallied to fresh highs. Should you go bottom fishing at this discount retailer?
Comcast has the third-highest dividend yield in the S&P 500, a thriving Universal brand, and a superb return on equity. Yet these were not enough to push prices higher, as investors focused on the rapidly changing entertainment market. This has created an appealing investment opportunity.
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BTC/USD slips from recent highs as investor focus shifts to altcoins and anticipation builds around Jerome Powell’s statement on interest rate policy.
AUD/USD maintains its bullish trend within an ascending channel following cautious RBA minutes, with focus shifting to Jerome Powell’s remarks for short-term direction.
GBP/USD trades in a tight range near 1.3500 as traders await Jerome Powell’s policy update, with both bullish and bearish scenarios hinging on upcoming Fed signals.
The Euro gained yesterday on Dollar weakness, but the rise seems to have halted for now.
Gold prices are trading within a neutral-to-bullish channel above $3,300, supported by Fed dovishness and trade war risks, with targets set toward $3,400 if momentum persists.
EUR/USD remains under bearish pressure within a counter-trend channel, with technical indicators suggesting potential for further downside toward 1.1440 as market sentiment dominates.