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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During my daily analysis of major currency pairs, the AUD/USD pair stands out, because quite frankly it looks so pathetic.
The USD/ZAR has produced a tranquil price range the past handful of days while also producing an incremental move lower with a healthy correlation to the broad Forex market.
The AUD/USD exchange rate plunged to its lowest level in almost three months as concerns about the global economy continued.
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Bitcoin price held steady around the $100k level as technicals pointed to more gains in the coming weeks.
The GBP/USD exchange rate wavered on Monday morning as traders reacted to last Friday’s US jobs numbers, which showed substantial improvements.
Weekly forecast highlights Nikkei 225's breakout potential, S&P 500 resilience, GBP/USD targeting 1.30, Gold's recovery, and bearish outlooks for AUD/USD and NZD/USD.
The GBP/USD closed last week having made gains and early trading in the coming days will be watched intently to see if values can be sustained above the 1.27000 level.
The price of WTI Crude Oil fell below 67.000 USD on Friday and remained below the value level going into the weekend, this as speculative buying is finding it hard to create upwards momentum.
Markets were dominated by bullishness in US stocks last week, and Bitcoin’s breakout above the key psychological level at $100,000.
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GBP/USD pressures the 1.2750 level as markets await NFP data, with Friday's close likely to determine a breakout higher or a slide toward 1.25 support.
The British pound remains range-bound against the Swiss franc, with traders eyeing 1.1350 resistance and 1.1150 support amid a cautious market environment.
AUD/USD hovers near support, with NFP data poised to determine a rally toward 0.6550 or a decline to 0.6350 amid ongoing US dollar strength.
The euro hovers near key support at 0.8250 against the pound, with potential for a breakdown toward 0.82 or a recovery above 0.8350 amid ongoing volatility.
NZD/USD holds near 0.5850, with traders eyeing NFP data to confirm a bottom or signal further US dollar dominance across forex markets.
The euro steadies near 1.05 against the dollar, with traders eyeing NFP data for a potential breakout to 1.06 or a pullback to 1.04 support.