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.
The Australian dollar remains range-bound below 0.67, with a breakout above 0.6750 needed to confirm bullish momentum toward the 0.69 level.
Gold eased on Friday before the US holiday, but strong technical support near $4,400 and ongoing bullish drivers point to a likely continuation toward $4,800 and beyond.
USD/CHF continues to show signs of a bottoming pattern near 0.80, offering a profitable carry trade setup with potential for a breakout toward 0.85.
The New Zealand dollar remains under pressure amid rate cut expectations and persistent US dollar strength, with NZD/USD eyeing a move toward 0.57.
Tesla remains in a critical technical zone above $420, with bullish potential intact as traders eye earnings and key product updates for a breakout toward $500.
The GBP/USD pair is showing bearish signs near the 50-day EMA, with potential downside toward 1.32 as resistance at 1.35 holds firm.
Despite wild intraday swings, silver remains in a strong bullish trend with $100 as a long-term target, though traders are urged to manage leverage carefully.
Bitcoin’s price action shows resilience above key technical support, with a bullish pattern suggesting a breakout toward the $100,000 mark is likely in the near term.
GBP/USD has pulled back into a falling wedge formation, suggesting a potential bullish breakout ahead of key UK employment and inflation data releases.
EUR/USD extended its decline to a five-week low as a head-and-shoulders pattern signaled further downside ahead of key EU inflation data and central bank updates.
The GBP/USD went into this week near a low of 1.33764, this after making a high around the 1.34955 vicinity on Tuesday of this past week. Risk adverse attitudse in the broad Forex market correlated to the downturn of the GBP/USD.
WTI Crude Oil went into this weekend above the 59.000 ratio, this as the commodity reacted quickly to developing news about Iran in a dynamic fashion.
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The US dollar advanced against the Swiss franc on Thursday, driven by carry trade flows and expectations that the SNB will resist further franc appreciation.
The S&P 500 showed resilience on Thursday, with dip buyers pushing the index higher as investors eye upcoming earnings reports and strong US retail data.
