Gold and Bitcoin eye breakouts as Fed uncertainty stirs markets. Stocks retreat. Watch $120K BTC and $3,433+ Gold this week.
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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Day traders likely experienced a range of emotions this past week depending on the luck of their wagers and it is possible the coming week will not be any easier in the EUR/USD.
WTI Crude Oil has gone into the weekend near the 66.450 ratio via futures markets as the price of the commodity saw an upwards move early in the week, only to be slapped lower on Friday harshly.
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Major markets shift as USD holds ground. Dive into silver, gold, crypto, and FX moves in this week’s forecast. Key levels and trends ahead.
The British pound held around the key 1.32 level on Thursday amid growing US dollar strength and shifting expectations for Fed rate cuts.
WTI crude oil tumbled from recent highs on Thursday as geopolitical tensions and Trump’s remarks on Russian oil triggered a sharp reversal into summer’s trading range.
The Euro remains under pressure below 1.15 as the US dollar strengthens on Fed policy expectations, with the upcoming jobs report poised to set the tone.
Silver tumbled on Thursday as Fed hawkishness boosted the US dollar, putting the metal's uptrend at risk ahead of Friday’s crucial jobs data.
Natural gas bounced off the key $3.00 support level on Thursday, but seasonal demand weakness and a looming death cross suggest downside risks remain.
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The US dollar continues to gain against the Japanese yen, with a break above 151 potentially targeting 156.5 as policy divergence deepens.
The Nasdaq 100 experienced volatile Thursday trading, with a short-term pullback expected before potentially resuming its bullish trend.
Gold remains trapped in a $300 range as traders await Friday’s US jobs report, with long-term bullish bias favoring buy-the-dip strategies.
The Aussie dollar shows bearish signals as it struggles below the 200-day EMA, with Friday’s jobs report poised to determine the next major move.
The USD/CAD pair extends its rally as US dollar momentum strengthens ahead of the US jobs report, while Canadian trade headwinds mount.
The S&P 500 remains in a strong uptrend heading into August, with low volume suggesting shallow pullbacks before buyers aim for the 6500 level.