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.
The Turkish Lira fell sharply against the USD, losing over 30% in a day, as it broke key support levels with continued bearish pressure likely unless a rebound above 0.0275 occurs.
Gold prices remain bullish above $3295 support as traders await US-China trade negotiations, with a breakout or breakdown hinging on geopolitical and inflation signals.
EUR/USD remains in a bullish trend, supported by the 200-hour MA and upbeat technicals, as traders await trade talks and US inflation data for the next move.
The US dollar surged against the yen following strong jobs data and rising US yields, with technicals suggesting a breakout toward ¥148 amid BOJ bond struggles.
The Australian dollar slipped after strong US jobs data, but bullish bias persists unless AUD/USD breaks below the 200-day EMA amid China-linked uncertainty.
The DAX index traded quietly on Friday but remains in a strong uptrend, with support at €23,600 and potential upside toward €25,000 on a breakout above €24,500.
The US dollar recovered against the Swiss franc after strong jobs data, with firm support at 0.81 and a potential breakout above 0.84 signaling renewed bullish momentum.
Gold fell after hotter-than-expected US NFP data, but strong support near $3250 and long-term bullish sentiment above $3000 suggest buyers may return.
Bitcoin rebounded from $100,000 and the 50-day EMA, suggesting strong support as bulls look to break above $112K and continue the broader uptrend.
Despite initial strength, the US dollar reversed against the Mexican peso as strong US economic data fueled optimism for Mexican exports and peso resilience.
The British pound is drifting lower after strong US NFP data, with GBP/USD consolidating between 1.34 and 1.3650 as traders watch for a breakout direction.
The Canadian dollar is showing signs of building a base against the Swiss franc near 0.6050, with choppy consolidation suggesting a potential trend shift ahead.
Bearish shakeout below $102,000 results in another rise which has petered out into a consolidation, but bulls keep hopes up.
Crude oil rallied strongly after hot NFP data, breaking toward the $65 neckline of a bullish inverted head-and-shoulders pattern, with targets near $67.50.
The AUD/USD pair is trending upward within an ascending channel as strong technical indicators and improving sentiment point to gains toward 0.6600.
