A 5:1 stock split, an acquisition spree, a price target reduction, and shrinking profit margins are now serving the bearish move. Will the correction in ServiceNow continue?
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
USD/ZAR explored lower levels before rebounding toward 16.70, with thin holiday liquidity likely to keep price action choppy and technically driven in the days ahead.
The price looks likely to continue ranging aimlessly between support at $1.3473 and resistance at $1.3534.
Top Regulated Brokers
AUD/USD extends its rally on strong commodity prices and widening RBA–Fed policy divergence, keeping the short-term bullish outlook intact.
Bitcoin consolidates below key moving averages, forming a bearish pennant that signals increased downside risk amid ETF outflows and weak momentum.
EUR/USD trades sideways in thin holiday liquidity while staying technically bullish above key support ahead of the release of the FOMC minutes.
The GBP/USD appears set to begin its trading around the 1.34978 ratio on Monday morning, this after finishing last week’s price action with sustained gains.
A quit Christmas holiday period was marked by wild gains and new record highs in precious metals
Day traders who dare to pursue WTI Crude Oil this coming week will see the commodity ended Friday’s trading near the 56.655 mark, slightly above last week’s finish, but that isn’t the whole story.
Bonuses & Promotions
Weekly analysis of gold, silver, Bitcoin, Nasdaq and major forex pairs to help traders anticipate key market movements.
The S&P 500 continues its Santa Claus rally in thin holiday trading, with bulls targeting the 7,000 level and viewing pullbacks as buying opportunities.
The euro eases against the yen in low-liquidity trading, yet strong interest rate differentials and solid support keep the broader EUR/JPY uptrend intact.
Bitcoin remains range-bound during low-liquidity holiday trading, with a breakout above $94,000 or a drop below $80,000 likely to define the next major move.
The US dollar eases against the yen in low-liquidity conditions, with USD/JPY likely consolidating between strong support near 155 and resistance around 158.
The US dollar weakens against the Canadian dollar as holiday liquidity fades, with USD/CAD testing long-term support near 1.3550.