EUR/USD turned lower toward 1.1585 as risk-off sentiment grows ahead of key Fed minutes and US jobs data, with bearish technical signals pointing to 1.1480 support.
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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Gold remains bullish above $4,000 despite recent profit-taking, as traders await fresh economic data and Fed signals following the US government’s reopening.
EUR/USD remains range-bound near 1.1620 as traders weigh fading bullish momentum against uncertainty over upcoming Fed rate decisions.
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Bitcoin dropped to its lowest level since May, ignoring the US government’s reopening and fueling fears of deeper losses as technical and macro pressures mount.
Crude oil rallied on Friday but stalled below $62, as weak demand and strong resistance continue to cap upside momentum in a volatile, range-bound market.
USD/JPY surged from the 153.50 level on Friday, supported by strong carry trade dynamics and bullish momentum, with further upside likely above 155.
Bitcoin plunged through $100,000 on Friday, with weakening momentum and a potential death cross highlighting growing downside risks as ETF enthusiasm fades.
The Australian dollar stabilized near 0.6550 on Friday, supported by the 200-day EMA, as traders watch global risk sentiment and commodity demand for further direction.
Gold’s failure to hold above $4,200, combined with fading volume on the latest push higher, suggests the uptrend may be losing momentum and could face a deeper correction if the 50-day EMA gives way.
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USD/ZAR continues pressing toward 17.00 support, but recent violent reversals and speculative pressure highlight the pair’s ongoing volatility and trading risk.
Despite public unrest in Mexico, USD/MXN holds near key support at 18.30, with stable trading suggesting limited volatility unless political risk escalates.
Declining same-store sales, striking baristas, and stiff competition from Chinese coffee and tea houses fuel bearish catalysts. Is more downside brewing?
Recent news concerning continued innovation in glucose monitoring technology and excellent operational metrics drives a bullish narrative. Should you buy recent developments?
Nvidia bounced sharply from $180 to above $190 on Friday as traders positioned ahead of its high-stakes earnings, favoring upside momentum despite earlier weakness.
USD/CHF rebounded sharply on Friday after dipping below 0.79, as a U.S.–Swiss trade agreement eased pressure on the franc and set the stage for potential upside.