The GBP/USD exchange rate retreated after the US published mixed housing starts and building permits data on Tuesday.
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
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.
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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.
The US dollar strengthens against the Canadian dollar, with traders watching a breakout above the 200-day EMA for a move toward 1.40.
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The NASDAQ 100 tumbles from extreme highs, with traders eyeing 23,250 support as Fed policy and thin summer liquidity shape the next move.
The British pound retreats against the US dollar, with resistance at 1.36 and Jackson Hole speeches likely to decide the next breakout direction.
The Australian dollar weakens toward the 200-day EMA, with resistance at 0.6550 and Fed signals likely to determine the next move.
The US dollar holds steady against the yen near major moving averages, with traders eyeing 148 resistance and 146 support ahead of Jackson Hole.
The euro trades with an upward bias above 1.1660, with peace talks and Powell’s Jackson Hole speech likely to shape direction toward the 1.1800 level.
Gold prices weaken as easing geopolitical concerns reduce safe-haven demand, with traders watching $3300 support and $3400 resistance for direction.