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.
USD/CAD dropped sharply after Canada’s employment data far exceeded expectations, though long-term volatility and key technical levels suggest a possible pullback toward 1.3750 before any reversal.
USD/JPY bounced after early weakness as core PCE data met expectations, with technical support holding and focus shifting to next week’s FOMC rate decision and Powell’s guidance.
EUR/USD remains directionless ahead of the FOMC decision, with the euro struggling to gain momentum amid neutral inflation data and growing expectations for stronger U.S. economic performance.
Gold prices remain in a strong uptrend, with buyers stepping in on dips and momentum targeting $4,400–$4,500, backed by central bank demand and technical strength above $4,200 support.
The Nasdaq 100 pushed higher early Friday but faced resistance as market sentiment wavers on Fed rate cut speculation and AI valuation concerns, though the longer-term trend toward $26,000 remains intact.
AUD/USD has extended its rally ahead of the FOMC decision, boosted by expectations of a Fed rate cut and diverging RBA policy.
The GBP/USD pair surged to multi-week highs as traders price in a Fed rate cut and await UK GDP data. With bullish technical indicators and rising market optimism, the pair is targeting the 1.3500 resistance, though upcoming macro data could influence short-term direction.
EUR/USD holds firm above the 50-day EMA and flashes a green Supertrend signal as traders await the Fed's rate decision; 1.1800 remains the next key resistance.
Markets are again dominated by risk-off sentiment, boosting stocks and sending the US Dollar lower, with Silver still leading precious metals higher.
The EUR/USD went into the weekend near the 1.16433 level after starting this past Monday’s Forex trading around the 1.16300 vicinity, while the gains made may not look significant there are signs of sentiment shift.
WTI Crude Oil finished this past week of trading with slight gains, and day traders who may have been enjoying a rather stable week of results were ‘treated’ to a spike lower late on Thursday via the commodity.
A concise weekly look at key markets, with updates on currencies, crypto, stocks, and commodities as volatility shapes December trading.
USD/CHF trades around the key 0.80 level, with structural support below and the potential for Swiss National Bank intervention helping limit downside ahead of next week’s Fed rate decision.
USD/JPY faded after an early rally on Thursday as traders priced in a Fed rate cut, though the broader uptrend remains intact with key support near ¥153 and rising Japanese yields creating near-term uncertainty.
EUR/GBP gave up early gains on Thursday, failing at the 50-day EMA as pound strength and a potential topping pattern suggest a move toward 0.87 or even 0.86.
