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.
AUD/USD extended its decline to 0.6862, its lowest level since April, after stronger-than-expected US employment data increased expectations of further Federal Reserve tightening.
Bitcoin remains under pressure following stronger-than-expected US employment data and reported outflows from US spot Bitcoin ETFs.
EUR/USD Signal: Bears Eye 1.1176 Resistance
GBP/USD reversed from its recent high near 1.3501 and slipped toward 1.3350 following the Bank of England's rate decision and stronger-than-expected US employment figures
EUR/USD’s response around support at 1.11730 may help clarify whether the latest retreat is stabilising. Holding this level and establishing progressively higher support would lend the recovery more credibility, particularly if equity market sentiment improves.
After spending a solid couple of weeks in the midst of heightened fear regarding what could happen to supply for WTI Crude Oil if conditions were to worsen in the Middle East, suddenly many large players seem to be edging towards the outlook that less dangers exist...
The crypto market has steadied after a broad selloff, yet the pause feels less convincing once the surface is stripped away.
The US dollar gains ground as American stocks and oil decline. Employment data, central bank decisions and geopolitical developments continue to influence financial markets.
Major financial markets are showing mixed behavior as investors assess technical levels, interest rate expectations, employment data and differences in economic momentum.
NZD/USD reversed its early gains after encountering resistance near 0.5650, extending a pattern of failed recovery attempts.
EUR/USD traded erratically on Thursday as investors prepared for the US nonfarm payrolls report, with the author maintaining a bearish outlook amid concerns about European energy inflation and interest-rate differentials.
AUD/USD reversed its initial gains after encountering resistance around the 50-day EMA, with the 0.7050 level continuing to limit upside momentum.
USD/CAD bounced from a significant support area where the 200-day EMA, 61.8% Fibonacci retracement and previous resistance converge.
GBP/JPY pulled back slightly as resistance near ¥214 limited further gains, but the wider bullish outlook remains supported by the interest-rate differential between the British pound and Japanese yen.
USD/MXN remains range-bound between support at 18.50 and resistance at 19.00 as traders await Friday's US nonfarm payrolls report.
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