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.
Silver struggled to hold above $42 on Friday, with traders eyeing $40 support as weak US jobs data and potential dollar strength weigh on momentum.
Gold is an excellent portfolio hedge due to its low correlation with equities. It also offers protection against inflation, stability during uncertain times, and a psychological wealth effect. The inverse relationship to the US Dollar adds to its appeal as a diversification asset.
Nuclear energy experienced a significant stagnation following the nuclear reactor disaster of 2011 in Japan. Still, the push towards clean energy and the surge in power demand posed by data centers that power the AI hype have made nuclear energy attractive again.
Weaker than expected US jobs data sent the major US stock market index the S&P 500 and the precious metal Gold higher to trade at new record highs.
The EUR/USD went into the weekend near the 1.17155 ratio, this after touching lows around the 1.16075 value on Wednesday.
WTI Crude Oil futures pricing fell below 62.000 USD on Friday, and when the commodity opens for trading on Monday large players will have to decide if now is the time to look for reversals higher.
USD/CHF may test 0.79 as Swiss franc gains strength. Sellers dominate on rallies.
GBP/USD remains rangebound between 1.34 support and 1.36 resistance as traders await Friday’s NFP data for the next decisive move.
The Australian dollar slid sharply Thursday, with 0.6550 capping upside and risks pointing toward 0.64 if the 50-day EMA fails to hold.
Apple stock paused below the $240 resistance on Thursday, with $223 as key support and bullish momentum likely to resume after the NFP-driven volatility.
Silver slipped from overbought levels Thursday, with traders eyeing $40 support and Friday’s NFP volatility as a chance to buy into the broader uptrend.
The Nasdaq 100 is consolidating above 23,250 ahead of Friday’s NFP, with support at 22,250 and resistance between 23,750–24,000 defining the next move.
EUR/USD hovers around 1.16 support within consolidation, with a break below targeting 1.14 and a move above 1.18 opening the path toward 1.20.
Ethereum dipped to test $4,300 support, with $4,000 as key downside protection, while bulls still target $5,000 if post-NFP risk appetite improves.
USD/CAD trades above 1.38 with resistance at 1.3870, where a breakout could target 1.41 ahead of Friday’s simultaneous US and Canadian jobs data.
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