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.
Most Recent
Gold prices (XAU/USD) stabilized around $3,360 with a neutral bias after weak US employment data boosted hopes for a September Fed rate cut, setting the stage for potential gains toward $3,400.
EUR/USD remains under pressure near 1.1586 after weak US payroll data boosted Fed rate cut bets, but bearish signals still dominate the chart.
USD/MXN remains volatile yet contained near 18.8800 as traders digest weak US jobs data, Fed hesitation, and ongoing tariff tensions.
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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?
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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.
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.
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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.
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.