Swiss CPI Shows No Change Month-on-Month; Gold Holding Up After Last Week's Advance; India Seen Leaving Rates Unchanged
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.
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A promising AI future struggles with earnings and profitability issues. Healthy gross margins and earnings per share growth in the past year provide reason for optimism. Should you trust CrowdStrike’s support levels following a 12%+ sell-off?
An excellent return on equity cannot overcome other balance sheet issues. AI demand for data centers is expected to continue driving growth, but can CSCO overcome trust issues? Price action completed a breakout, but what will follow?
The AUD/USD pair has rebounded slightly after weak US job data but remains vulnerable to renewed selling pressure with a target of 0.6370.
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GBP/USD jumps after weak US jobs data and forms bullish engulfing pattern, but economic risks may limit upside to 1.3370.
The EUR/USD pair surged following a weak US jobs report and political turmoil, with bullish technicals targeting a rise toward the 1.1700 level.
The New Zealand dollar failed to hold gains despite poor U.S. jobs data, and technical signals point to a potential breakdown if 0.5850 support gives way.
Google stock declined sharply on Friday following a broader market selloff triggered by weak U.S. jobs data, presenting potential buying opportunities near key support.
The British pound collapsed against the Japanese yen on Friday amid risk-off sentiment, with the ¥198 breach signaling potential downside toward the 200-day EMA.
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Bitcoin declined sharply following disappointing US jobs data, but strong support levels and potential Fed rate cuts could reignite bullish momentum.
The German DAX fell sharply on Friday, breaking below key support as weak US jobs data triggered global stock market volatility and investor caution.
Gold prices jumped after a disappointing US jobs report boosted rate cut expectations, though the $3,500 resistance level remains a key hurdle.
Crude oil prices tumbled following a weak US jobs report and OPEC's decision to increase output, pulling the market back into its expected summer range.
The S&P 500 slipped after weak NFP data, but with rate cut expectations rising and the 6150 support level in sight, dip buyers may soon step back in.
The Australian dollar bounced on Friday's weak US jobs report but remains capped by the 50-day EMA, with traders watching for a potential breakdown below recent lows.