Forex Technical Levels & News

Looking to today, the final reading of UK GDP in the fourth quarter might invoke a small reaction in the market. German regional inflation numbers might also have an impact, though European consumer confidence numbers at 10am will probably be a bigger mover. We’ll be looking towards month end, quarter end and financial year end flows to start moving the market, even though Mondayis officially the cut-off point. Also of interest, later in the day will be ECB member and Bundesbank president Jens Weidmann speaking after the European close. Following his comments about QE and negative rates being a possibility earlier this week, we’ll be trying to get a bit of an insight as to what the ECB might do next week at their monetary policy meeting – because at the moment nobody has a clue!

Intraday Technical Levels

EUR/USD Intraday: capped by a negative trend line.

Our preference: Short positions below 1.378 with targets @ 1.37 & 1.3685 in extension.

Alternative scenario: Above 1.378 look for further upside with 1.381 & 1.3845 as targets.

Comment: the RSI is mixed to bearish. The pair is rebounding bur remains capped by a declining trend line.

Supports and resistances:
1.3845
1.381
1.378
1.3732 Last
1.37
1.3685
1.366

GBP/USD Intraday: the bias remains bullish.

Our preference: Long positions above 1.659 with targets @ 1.6645 & 1.6665 in extension.

Alternative scenario: Below 1.659 look for further downside with 1.655 & 1.6505 as targets.

Comment: The pair has validated a bullish flag and is rebounding above its support.

Supports and resistances:
1.67
1.6665
1.6645
1.6616 Last
1.659
1.655
1.6505

USD/JPY Intraday: under pressure.

Our preference: Short positions below 102.45 with targets @ 101.95 & 101.75 in extension.

Alternative scenario: Above 102.45 look for further upside with 102.65 & 102.85 as targets.

Comment: The pair is posting a rebound but stands below its resistance.

Supports and resistances:
102.85
102.65
102.45
102.355 Last
101.95
101.75
101.45

USD/CHF Intraday: further upside

Our preference: Long positions above 0.8835 with targets @ 0.891 & 0.893 in extension.

Alternative scenario: Below 0.8835 look for further downside with 0.881 & 0.8785 as targets.

Comment: The pair is supported by a rising trend line.

Supports and resistances:
0.895
0.893
0.891
0.8873 Last
0.8835
0.881
0.8785

NZD/USD Intraday: further upside

Our preference: Long positions above 0.8655 with targets @ 0.87 & 0.872 in extension.

Alternative scenario: Below 0.8655 look for further downside with 0.862 & 0.8585 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
0.875
0.872
0.87
0.8685 Last
0.8655
0.862
0.8585

AUD/USD Intraday: supported by a rising trend line

Our preference: Long positions above 0.924 with targets @ 0.93 & 0.934 in extension.

Alternative scenario: Below 0.924 look for further downside with 0.921 & 0.918 as targets.

Comment: intraday technical indicators are mixed and call for caution.

Supports and resistances:
0.9385
0.934
0.93
0.9251 Last
0.924
0.921
0.918

USD/CAD Intraday: under pressure

Our preference: Short positions below 1.107 with targets @ 1.0975 & 1.095 in extension.

Alternative scenario: Above 1.107 look for further upside with 1.1105 & 1.1145 as targets.

Comment: the RSI lacks upward momentum. The pair remains within a bearish channel.

Supports and resistances:
1.1145
1.1105
1.107
1.1018 Last
1.0975
1.095
1.0905

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Bitcoin Drops Entering 2026: Is It Still Worth Investing? The Answer Most Investors Miss

January 2, 2026 No Comments

Bitcoin has entered 2026 under pressure, with prices pulling back after a volatile period that left many investors questioning whether the opportunity has passed. Headlines are once again split between fear and optimism, with some calling the recent drop a warning sign and others viewing it as a healthy reset.

Unlike speculative assets that rely on constant growth stories, Bitcoin’s relevance continues to rest on its role as a scarce, decentralised digital asset that operates outside traditional financial systems. The key question for investors now is not whether Bitcoin will remain volatile – but whether this moment represents risk, opportunity, or something most investors misunderstand.

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December 26, 2025 No Comments

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Premium consumer behavior, business spending patterns, regulatory scrutiny, and technological change are all influencing how payment companies operate and compete.

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December 19, 2025 No Comments

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Following a strong earnings update, Micron’s stock surged and quickly returned to the centre of market attention. The rally reflects growing confidence that the company’s strategic shift away from lower margin consumer products toward higher-value enterprise and data-centre memory is gaining traction.

Why Big Tech Is Quietly Buying Western Digital (WDC) Stock

December 12, 2025 No Comments

Western Digital Corporation (WDC) has been on a tear, its stock price soaring over 270% year-to-date as of early December 2025.

This massive growth isn’t just hype; it’s fueled by a perfect storm of events, including the strategic spin-off of its flash business, SanDisk, and an insatiable global demand for data storage driven by the AI revolution.

As a now “pure-play” Hard Disk Drive (HDD) manufacturer, WDC is uniquely positioned as the landlord for the internet’s exploding data. But with such a meteoric rise, is there still room for growth, or is the stock overheated?

Marvell (MRVL) Stock: The Hidden AI Powerhouse Wall Street Keeps Underestimating

December 5, 2025 No Comments

Marvell Technology (NASDAQ: MRVL) is quickly becoming one of the most important companies in the AI infrastructure space – even though many investors still aren’t sure what the business actually does.

While most headlines focus on Nvidia and its GPUs, Marvell builds the networking, optical, and custom silicon chips that help AI models move data faster and run more efficiently. In its latest earnings report, Marvell posted strong double-digit growth in its data center business and shared bold guidance for the next few years, sending MRVL stock higher.

2 Months Ago Oracle Stock (ORCL) Was Flying And Now… The Mood Has Flipped. Is A Comeback Still On The Table?

November 28, 2025 No Comments

Oracle is one of the biggest names in enterprise software and cloud services. They power databases used by governments, banks, hospitals, airlines, and global corporations. For years they were known for steady tech growth, not big surprises.

Then something wild happened.

Only two months ago Oracle stock was flying. Analysts cheered. AI deals stacked up. The company felt like it had finally stepped into a new era.

Now the mood has flipped.