GBP/USD: Have Bulls Run Out of Momentum?
Weekly review of major markets covering forex, indices and commodities. Focus on EUR/USD, USD/JPY, Nasdaq 100, gold and oil with technical structure and macro flow.
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.
GBP/USD: Have Bulls Run Out of Momentum?
Silver defends the $60 level during thin holiday trading as traders watch Dollar strength, the 200-day EMA, and downside risks below $57.
Natural gas remains stuck in a multi-week range as thin holiday liquidity, strong US supply, heatwave demand, and the 200-day EMA shape trading.
USD/JPY remains supported despite BOJ intervention and weak US jobs data as interest rate differentials, Japan’s debt burden, and dip-buying keep bulls active.
USD/CAD remains noisy but bullish as traders buy pullbacks, with interest rate differentials, weak US jobs data, and trade concerns shaping the outlook.
Gold bounces from the $4,000 level during thin US holiday trading, but Dollar strength risks and weak momentum keep short-term sellers alert.
AUD/USD rises after weak US jobs data, but Fed minutes, PMI releases, and a descending channel suggest the Aussie rally may be short-lived.
BTC/USD recovery shows signs of fading as ETF inflows, weak US jobs data, Strategy selling risks, and bearish technical signals shape Bitcoin’s outlook.
EUR/USD remains in a bearish setup despite a modest recovery as traders await FOMC and ECB minutes, weak US jobs data, and key levels near 1.1325.
Weekly review of major markets covering forex, indices and commodities. Focus on EUR/USD, USD/JPY, Nasdaq 100, gold and oil with technical structure and macro flow.
The oil market is entering a new phase shaped by rising supply, lingering geopolitical risks, and technical signals that continue to influence how traders assess WTI price action.
The EUR/USD exchange rate held steady, reaching its highest point since June 22nd after the US published a weak non-farm payrolls (NFP) and manufacturing PMI report. It rose to 1.1437 ahead of key macro data later this week.
The past week brought mixed performance across cryptocurrencies, forex, precious metals and equities. The US dollar continued to shape price action across multiple asset classes.
USD/CHF pulls back after weak NFP data but remains supported near 0.80 as traders watch Fed expectations, Swiss franc policy, and a potential golden cross.
GBP/JPY rebounds after BOJ intervention sparks volatility, while interest rate differentials, value hunting, and key levels near 214 and 217 support the bullish bias.