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.
EUR/USD is showing signs of a fading rebound after hitting 1.1567, with technicals and Fed-ECB divergence pointing toward a likely return to 1.1260 support.
Real estate investment trusts (REITs) have made real estate investments accessible to all investors, but they must know which REIT to buy and understand its composition. Learn about the best real estate stocks to buy now!
Momentum investing remains an underappreciated strategy; however, a study at the Cambridge Judge Business School found that stocks that outperformed the S&P 500 over the previous 12 months are likely to continue outperforming by an average of 17.5% over the next 12 months. Find out about the best momentum stocks to buy now!
Stock markets and the US Dollar lost ground last week against a backdrop of increasing nervousness about tech overvaluation and an increase in the perceived probability that the Fed will cut rates next week.
The EUR/USD went into this weekend near the 1.15638 ratio, this after producing a solid reversal higher after hitting lows around 1.14675 on Wednesday.
WTI Crude Oil has gone into this weekend within lower values once again and closed Friday’s trading via futures around the 59.495 ratio.
Weekly market overview: key forex pairs, gold, oil, Bitcoin, and natural gas show mixed trends and volatility.
The Nasdaq 100 declined on Thursday toward the key 25,000 level amid rising volatility and AI profitability concerns, though the broader uptrend remains intact.
USD/CAD hovered around 1.41 on Thursday, showing signs of short-term exhaustion with a likely pullback to 1.40 before potential bullish reentry amid trade volatility.
The British pound rallied on Thursday after the Bank of England paused rate hikes, but the broader downtrend persists with key resistance at 1.32 and support at 1.30.
Ethereum continues to drift near $3,300 with weak momentum, as it remains dependent on Bitcoin’s direction, with downside risk toward $2,500 if $3,000 fails.
The U.S. dollar failed to hold gains against the Mexican peso, resuming its broader downtrend as traders eye 18.20 as a potential target in the coming weeks.
The euro rallied to the 1.1550 level on Thursday, but continued resistance and broader dollar strength suggest the downtrend remains intact with 1.14 support in focus.
Bitcoin plunged on Thursday to test the $100,000 support level, with downside risks toward $92,000 or $80,000 if it breaks, while resistance looms at $108,000.
Amazon stock dropped sharply on Thursday, approaching key $240 support, and while near-term weakness may continue, the broader uptrend presents a potential buying opportunity.
