The euro rallied Friday after weak US jobs data boosted Fed rate-cut bets, with 1.18 as key resistance and 1.16–1.14 as major support levels.
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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Bitcoin remains capped under $112K despite strong ETF inflows, with traders eyeing 107,300 support and 113,500 resistance as US inflation data looms.
GBP/USD advanced to 1.3500 after weak US jobs data, with bulls targeting 1.3600 as Fed cut expectations rise while the BoE holds steady.
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USD/CAD rebounded Monday as Canada’s job losses far outpaced weak US hiring, with a breakout above 1.3880 targeting 1.41.
Ethereum was rejected at $4,500 on Friday as weak jobs data dented risk appetite, leaving $4,000 and the 50-day EMA as critical support levels.
EUR/USD climbed to 1.1760 after weak NFP data, with bulls targeting 1.1830 ahead of the ECB decision and US inflation release.
The DAX formed a bearish engulfing candle Friday, with 23,250 as key support and 23,954–24,600 as resistance levels within its broader consolidation range.
GBP/JPY remains volatile around the 200 level, with 201 as breakout resistance and 198–195.22 as key support zones tied to global risk sentiment.
AUD/USD stalled at 0.6550 on Friday as weak US jobs data failed to lift the pair, with global trade risks and soft risk appetite weighing on the Aussie.
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Silver struggled to hold above $42 on Friday, with traders eyeing $40 support as weak US jobs data and potential dollar strength weigh on momentum.
Nuclear energy experienced a significant stagnation following the nuclear reactor disaster of 2011 in Japan. Still, the push towards clean energy and the surge in power demand posed by data centers that power the AI hype have made nuclear energy attractive again.
Weaker than expected US jobs data sent the major US stock market index the S&P 500 and the precious metal Gold higher to trade at new record highs.
The EUR/USD went into the weekend near the 1.17155 ratio, this after touching lows around the 1.16075 value on Wednesday.
WTI Crude Oil futures pricing fell below 62.000 USD on Friday, and when the commodity opens for trading on Monday large players will have to decide if now is the time to look for reversals higher.
USD/CHF may test 0.79 as Swiss franc gains strength. Sellers dominate on rallies.