Market analysis from FOREX.com
Over the past five trading sessions, Alphabet's (Google) stock has managed to sustain a moderate bullish bias, with a gain of over 4%, as the price has settled around the $170 level. So far, the stock has avoided significant pullbacks amid recent announcements of new integrations and advancements in artificial intelligence within the Google ecosystem. On one...
Aussie has held below resistance for nearly five-weeks now with multiple breakout attempts failing at the 52-week moving average. Weekly resistance now stands with the 2025 high-close / 50% retracement of the September decline at 6429/45 and is backed again by the yearly moving average, currently near ~6485. Critical resistance is eyed with the July close low /...
The EUR/USD is looking quite interesting as it tries to break out from a continuation pattern to the upside. So far, we haven't seen strong upside follow-through, which could be concerning for the bulls. Nevertheless, if it manages to break above the trend line of the falling wedge pattern, then this would suggest that the short-term path of least resistance is...
Bitcoin (BTC/USD) remains in an aggressive uptrend but is showing early signs of hesitation near a major resistance level: Trendline Intact (for now): Price is still riding an ascending trendline, but today's bearish candle hints at momentum cooling. Resistance at 108,500: This level has capped multiple rallies; rejection here could signal a short-term...
The USD/MXN daily chart is displaying signs of continued weakness: Downtrend Intact: The pair trades firmly below its 50-day and 200-day moving averages, reinforcing bearish control. MACD Bearish: Momentum remains to the downside with the MACD line below zero and the signal line. Key Support Zones: Price is approaching horizontal support at 19.07; a break could...
Gold is holding just above rising trendline and 50-day SMA support (~$3,175), but the rebound has been tepid so far: 📉 Price action: Small-bodied candles reflect indecision 📊 RSI stuck near 50, suggesting a lack of directional momentum 📉 MACD still trending lower, though starting to flatten 📍Support: Rising trendline and 50-day SMA: $3,175–$3,180 Below that:...
Despite Nasdaq's recent 400-point pullback from the 21,446 high, silver has extended its one-month consolidation, with momentum and price action suggesting the calm before the breakout. The intersection of haven demand and renewed interest in tech-sector investments—particularly around AI—could reestablish silver as a preferred alternative asset. From a daily...
A clean break above the March 20 high of 8752 would generate a bullish setup, allowing for longs to be established with a stop beneath for protection, targeting a retest of the record high at 8898. Price action has been bullish in recent days, with a break of minor downtrend resistance on Thursday triggering another wave of buying, backed by solid volumes....
Over the past four trading sessions, gold has shown oscillations of around 1% in the short term. For now, indecision is beginning to emerge in the price of the precious metal as market confidence gradually recovers. The CNN Fear and Greed Index is already holding near the "extreme greed" zone, and as confidence continues to rise steadily, this could become a...
AUD/JPY appears to be bouncing back ahead of the monthly low (91.42) as it snaps the series of lower highs and lows from last week. Lack of momentum to close below the 92.80 (50% Fibonacci extension) to 93.30 (23.6% Fibonacci extension) zone may push AUD/JPY back toward the 95.10 (38.2% Fibonacci extension) to 95.20 (23.6% Fibonacci extension) region, with a...
The USD/CAD rally failed into confluent uptrend resistance at the 200-day moving average last week with price breaking below the median-line today in early U.S. trade- threat for a deeper set-back here towards the 2022 high close / 2023 high at 1.3881/99 and the 61.8% retracement at 1.3852. Losses would need to be limited to this slope IF price is heading higher...
The U.S. Dollar dropped into support early in the week at 99.95-100.15- a region defined by the 50% retracement of the late-April advance, the 2023 low-day close, and the 2024 low. Note that the 100% extension of the decline rests just lower at 99.55 and losses would need to be limited to this level IF Euro is heading higher on this stretch. Initial resistance...
The AUD/USD has been coiling in the last few weeks after making a v-shaped recovery following the tariffs announcement plunge. Is it now ready to finally resume higher? From a purely technical point of view, the price action looks bullish as it the consolidation below the 200-day moving average and key resistance in the 0.6500 handle suggests price is gearing up...
Despite Nasdaq's recent 400-point pullback from the 21,446 high, silver has extended its one-month consolidation, with momentum and price action suggesting the calm before the breakout. The intersection of haven demand and renewed interest in tech-sector investments—particularly around AI—could reestablish silver as a preferred alternative asset. From a...
Gold is holding above the $3,200 level, supported by a key trendline connecting higher lows from December 2024 to April 2025. This trendline currently anchors support at $3,120. On the 4-hour chart, momentum is tilted to the upside above neutral. On the daily chart, momentum remains near neutral—reflecting a neutral-to-bullish bias. This supports the case for...
The latest rebound from head & shoulders targets on both the US Dollar Index and EURUSD was amplified by Moody’s credit rating downgrade Markets are expected to watch the Trump administration for reassuring headlines, reasserting the 1.1290 resistance on the pair before sustaining another leg higher in line with the 2025 uptrend. Key levels near neckline zones...
Having completed a bearish reversal pattern and with bullish momentum starting to fade, traders should stay alert to the risk of renewed downside in SGX iron ore futures. A three-candle evening star has knocked the price back below $100 per tonne, putting the spotlight on the 50-day moving average for those eyeing potential bearish setups. A clean break below...
On the back of softer U.S. inflation data and stronger-than-expected UK figures (with GDP at 0.2% vs. 0% expected and claimant count change at 5.2k vs. 22.3k), GBPUSD held above 1.32. Bullish scenario: A clean hold above 1.3350 could push the pair toward 1.3450, with potential for new 2025 highs at 1.3750 and 1.4210, aligning with the highs of 2021. Bearish...