USD/SGD hovers near 1.28200 after U.S. inflation data boosted Fed rate cut expectations, with traders eyeing a potential test of the 1.28000 support zone.
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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Ethereum continues to push higher after breaking $4,000, with traders eyeing $5,000 as Bitcoin struggles at $120,000, and key support zones at $4,000 and $3,400.
Natural gas failed to sustain gains above $3 on Tuesday, with mild weather and soft demand keeping prices under pressure and support at $2.85 in sight.
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Bitcoin continues to face strong resistance at $120K, with a breakout eyeing $130K and key support at the 50-day EMA and $110K.
Meta stock remains in consolidation, with strong AI momentum supporting buyers above $745 and a potential breakout toward $800 if $780 resistance breaks.
The British Pound rallied toward 1.3550 after US CPI data weakened the dollar, reinforcing its status as one of the strongest major currencies.
NZD/USD stuck between 0.5850–0.61; selling near 0.6025 with stop at 0.61 and target at 0.5860 as market remains choppy.
Euro steadies above 1.16 support as CPI meets expectations; upside targets 1.18–1.20, downside risk if 50-day EMA breaks.
Reasonable earnings per share growth, a recent rehaul of its customer experience, and an improvement in airfare pricing power provide a solid foundation for more upside. Should you buy the dip following yesterday’s breakout?
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Flat same-store sales and decreasing revenues and earnings per share over the past twelve months raise caution. The double-digit sell-off following the latest earnings release, supported by higher volumes, cracked the bull run. What will follow?
Bitcoin and Ethereum surged on renewed institutional demand, Fed rate cut optimism, and strong ETF inflows, with BTC nearing record highs and ETH eyeing a breakout.
The AUD/USD pair is climbing in an ascending channel above key EMAs, eyeing 0.6620 as RBA cuts and soft US CPI fuel Fed rate cut bets.
BTC/USD trades near $120K with bullish momentum fueled by Fed rate cut bets, eyeing $125K if it breaks above the $122,250 double-top resistance.
The GBP/USD pair surged above key resistance at 1.3430 after soft US CPI boosted Fed rate cut bets, with bulls targeting the 1.3600 psychological level.
EUR/USD hovers near 1.17 as weak US CPI and rising Fed rate cut expectations support a bullish breakout toward 1.1830 amid strong technical patterns.