Gold (XAU/USD) continues to push higher, with $3,500 as the key breakout level that could open the door to $3,800 in the weeks ahead.
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
AUD/USD is climbing after forming a double-bottom at 0.6415, with bulls targeting 0.6600 as stronger Aussie inflation data reduces RBA cut odds.
GBP/USD is consolidating near 1.3500 with a bullish inverse H&S setup, targeting 1.3600 ahead of key US GDP and PCE inflation releases.
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EUR/USD is consolidating near 1.1630 with a bullish inverse head-and-shoulders, eyeing 1.1825 resistance ahead of key US inflation and GDP data.
Bitcoin has started to rise more convincingly after rebounding from a fresh monthly low underneath $110,000.
Gold (XAU/USD) trades near $3380, supported by Fed independence concerns, tariffs, and safe-haven demand, with $3400 as the key breakout target.
EUR/USD holds near 1.1610 as Trump’s firing of Fed Governor Cook raises doubts about Fed independence, with support at 1.1570 and resistance at 1.1680.
USD/ZAR is trading near 17.71 with fast volatility, resistance at 17.7170, support at 17.7030, and US GDP data set to drive the next decisive move.
The Brazilian Real is holding firm near 5.4310 against the US dollar, with resistance at 5.4450 and US GDP data expected to spark volatility in USD/BRL.
Bonuses & Promotions
An excellent return on equity and outlook for future revenues from a rise in global defense spending provide growth catalysts. Low valuations and the recent idea by the US government add to bullish catalysts. Is there more upside ahead despite the recent massive rally?
The price has broken out of a bearish channel quite decisively but is struggling to make upwards progress despite being well supported at about $1.3450.
In a time when many analysts see equity markets, especially in the USA, as drastically overvalued, buying stocks which are especially undervalued can be a great move for holding or increasing value in an eventual downturn. Consider fortifying your portfolio by investing in some of these undervalued stocks.
An impressive earnings-per-share performance and excellent returns on assets, equity, and invested capital provide a solid foundation for growth. A recent partnership could spur the next bullish wave, but should you buy this AI company at its horizontal support zone?
The British pound gained slightly Tuesday but remains stuck between 1.34 and 1.36 as traders await clarity from the Federal Reserve on rate cuts.
The AUD/USD rebounded Tuesday but faces key tests at the 50 and 200-day EMAs, with a breakdown below 0.6450 likely triggering a sharp selloff.