Gold broke out of consolidation Monday, with central bank buying and Fed rate cut expectations supporting a bullish move toward $3,800.
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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Meta stock eased after initial gains Monday, with $800 acting as resistance and Nasdaq 100 weakness likely to weigh on its near-term outlook.
WTI crude oil is attempting a rebound but remains capped under $66, with strong supply pressures keeping the market in a potential “sell the rips” environment.
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USD/CAD is finding dip buyers as weak Canadian jobs data drives risk-off flows, with a breakout above the 200-day EMA likely targeting 1.40.
GBP/USD gained on Monday but remains trapped in a sideways 200-pip range as traders eye the 1.36 resistance and Fed policy signals.
USD/JPY slipped on Monday but remains range-bound between 146.50 support and 148.50 resistance as traders await Fed and BoJ signals.
AUD/USD rallied toward 0.66 on Monday but faces strong resistance, with risks of a pullback if price slips below 0.6550.
USD/CHF remains under bearish pressure, with 0.79 support in focus as rallies face resistance at the 50-day EMA and 0.81 level.
Bitcoin is holding its value and threatening to move higher, but so far is just continuing to maintain its consolidation above $111,332.
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AUD/USD rose to 0.6600, with bulls eyeing a breakout above 0.6623 that could open the path to 0.6700 ahead of key US inflation data.
GBP/USD extended gains to 1.3550 as weak US jobs data boosted Fed cut odds, with traders eyeing 1.3700 resistance ahead of key US inflation releases.
EUR/USD climbed to 1.1760 as Fed rate cut hopes grow, with traders eyeing a test of 1.1830–1.1900 ahead of US CPI data and the ECB’s policy decision.
Solana’s price is up 5% over the last 24 hours to trade at $213 at the time of writing on Monday. This recovery has fueled hopes of a continued SOL price rally into new all-time highs above $600, fueled by macroeconomic shifts and technical strength.
EUR/USD surged to a five-week high near 1.1750 as weak US jobs data fueled Fed cut bets, with ECB stability supporting a bullish bias toward 1.1830.
Gold soared to a record $3,600 as weak US jobs data boosted Fed rate cut expectations, leaving XAU/USD bullish but vulnerable to short-term profit-taking.