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.
After a violent day of trading on Friday, the GBP/USD has gone into this weekend near the 1.33296 ratio, touching lower marks not seen since the middle of May when the 1.33000 level was tested.
WTI Crude Oil futures went into this weekend near the $88.280 ratio, this after touching a high near $94.840 on early Wednesday. These two prices and other considerations set the stage for a potentially curious week of trading to come.
Major markets ended the week with mixed signals as interest rate expectations returned to the forefront. Technology stocks, precious metals and currencies all responded to a changing macro backdrop.
EUR/CHF remains choppy near the 50-day EMA, with SNB intervention risk and the euro’s yield advantage likely to support buyers on dips.
GBP/USD remains mildly bullish but rangebound, with buyers defending dips near the 200-day EMA while 1.35 continues to cap upside momentum.
AUD/USD is stuck near 0.7150 as traders wait for Friday’s US jobs report and clearer signals from yields, commodities, and Middle East headlines.
AUD/NZD continues to attract dip buyers, with Australia's higher interest rates and stronger economic outlook supporting a move toward the 1.23 level.
Silver remains rangebound despite a short-term bounce, with the bond market and Friday’s US jobs report likely to decide whether $70 or $80 breaks first.
EUR/USD remains trapped in a tight 1.16–1.17 range as traders wait for Friday’s jobs report and the next move in US yields.
USD/CAD remains rangebound below 1.40 as traders reduce exposure ahead of simultaneous US and Canadian employment reports.
Bitcoin is attempting a short-term recovery from the critical $60,000 support zone, with bond market movements and Friday’s US jobs report likely to determine the next major move.
EUR/USD remains stuck near the 200-day EMA as higher US yields support the dollar, with traders waiting for Friday’s jobs report for direction.
This currency pair has been gently descending over the past week or so: the move lower has not been what could be called especially strong. The major factors
Crude oil remains bullish after breaking above the 50-day EMA, with Middle East supply risks keeping buyers focused on a move toward $100.
USD/CAD continues to grind higher as US yields support the dollar, with buyers targeting the 1.3950–1.40 resistance area.
